ANALYSIS: China opens the cash tap
Mar 18, 2013
Trapped FX cash is over in China!
Well, not quite. But a recent SAFE announcement has made the movement and centralisation of foreign currency in China considerably easier.
As of the June 1, companies based anywhere in China will have the opportunity to set up centralised foreign currency cash management programmes. China’s State Administration of Foreign Exchange (SAFE) recently issued rules confirming that requests need now be made only to local SAFE branches, the regulator announced on the 25 of April.
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
