Cross-border renminbi: who’s using it and why
Aug 15, 2018
Corporates eye China’s foreign reserves as dividend season hits
The need of Chinese corporate to find billions in foreign exchange to pay overseas shareholders is likely to depress the renminbi. But will it last for long?
Treasurers will be keeping a close eye on renminbi strength this month as the annual hunt begins for US dollars to pay dividends to the swelling number of overseas shareholders.
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