Treasurers excited about nationwide RMB cash pool rules
China has issued implementation rules on the nationwide cross-border RMB cash pool, which is generally detailed enough for corporates’ execution.
Treasurers are looking forward to exploring China’s long-awaited implementation rules on the multinationals’ cross-border renminbi (RMB) cash pool. “I am closely exploring the rules,” said a Hong Kong-based treasurer a manufacturing company who did not wish to be named. “This is big news,” said another treasurer of a big multinational.
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