Shanghai FTZ alive with new cash programmes
Feb 24, 2014
Danfoss launches global settlement centre in SFTZ
Major global industrial company, Danfoss, will settle all its operational renminbi flows through the Shanghai Free trade Zone.
Danfoss, an industrial refrigeration manufacturer, has established a global renminbi settlement centre in the Shanghai Free Trade Zone, according to a press release from Citi dated February 15.
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