Instead of parking liquidity at a commercial bank in Thailand, Mitsubishi Electric wants to achieve better deposit yields and cash investment returns by pooling, CT has learnt.
Wealth management products are rapidly gaining popularity among Chinese corporates who are otherwise hesitant to use spare cash on capex. But the runaway growth of WMPs is potentially dangerous for the Chinese ...
Large Chinese corporates such as Tencent and Alibaba told CT they would consider investing in certificates of deposit, a cash instrument that China’s central bank made available to corporates last week.