Preparing to tap the Rmb pilots
Apr 3, 2013
Ford Motor pays first RMB-denominated dividend
Following eased regulations, Ford Motor remitted its first-ever renminbi-denominated dividend from China to the US headquarters, better positioning the company’s cash.
Ford Motor, the second-largest US automaker, has for the first time remitted a renminbi-denominated dividend from China to its US headquarters, in partnership with Standard Chartered. The transaction was completed on August 22.
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