High scores in the banking regulator’s benchmarking exercise are vital if an IHB is to win approval to expand its range of services. CT spoke to an SOE treasurer on how the process works.
As a dollar-reporting company largely exposed to the renminbi – a currency that is depreciating against the US dollar – what would you do to cut the losses?
As of next year, commercial drafts worth $450,000 or more will have to be conducted electronically, China’s central bank has ordered. The move follows a string of fraud cases.
While they have reduced accounts receivable days, some Chinese companies must improve working capital management to hasten collection of cash payment from sales, Fitch Ratings says.
The US lender is looking to increase its wallet share among Asia-based multinational corporate clients. Munir Nanji, Asia sales head for treasury and trade solutions at Citi, tells CT how.