FX VOICE: What China's RMB cash sweeping pilot means
Banks are now able to facilitate renminbi cross-border loans for corporates' activities outside of China. CT asks how important this pilot scheme really is.
Yi Xiong, head of North Asia market management, international liquidity and investment management, RBS:
By relaxing cross-border lending quotas, this exciting new development essentially allows a MNC’s Chinese office to lend idle reminbi to its overseas parent or associated firms, directly covering offshore funding gaps.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to CorporateTreasurer.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a treasurer, CFO or senior professional at a corporate or SME, please register for free VIP access here.
Questions?
See here for more information on licences and prices, or contact [email protected].
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
