Shanghai FTZ alive with new cash programmes
StanChart and Baoxin Group; HSBC and Saint-Gobain; and Citi and Roche have announced new cash programmes relating to pooling and netting in the Shanghai free trade zone following central bank clarifications.
After weeks of promising details, the Shanghai branch of the People’s Bank of China (PBOC) has offered clarifications for rules governing cash transactions in the Shanghai free trade zone (FTZ). Several transactions went live shortly after.
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