FTZ: Sonepar completes two-way RMB pooling sweep
Working with RBS, Sonepar has successfully implemented a cross-border renminbi cash pooling structure within the Shanghai free trade zone. The first sweep was completed from Hong kong to Shanghai.
Sonepar, a distributor of business-to-business electrical devices and components, has implemented a two-way cash pooling structure to funnel renminbi in and out of China via its subsidiary based in the Shanghai free trade zone (FTZ).
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