China: Get your in-house bank to the next level
High scores in the banking regulator’s benchmarking exercise are vital if an IHB is to win approval to expand its range of services. CT spoke to an SOE treasurer on how the process works.
In China, ‘finance company’ is a special term to refer to the finance arm of large multinationals – mostly Chinese state-owned enterprises (SOE), but also including the likes of HNA Group, Haier, TCL and Siemens – which absorb cash from group entities for central management and investment.
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