CT ‘s abridged guide to China’s new guidelines on nationwide cross-border renminbi (RMB) cash pools and centralised payment and collections under current account.
Corporates in India are increasingly resorting to pledged shares to secure funding following tighter lending rules and financing difficulties, lawyers warn of troubles in the structure.
CT has translated and provided an explanation China’s recent comprehensive Q&A session aimed at clarifying foreign currency cash pooling rules for multinationals.
Technoform raised a Rmb10 million loan from ICBC in a Chinese-Singaporean pilot initiative that bypasses foreign debt quotas. At least four other companies are following suit.
China’s PBOC will allow cross-border renminbi pooling for multinational corporates, though the need for distinctions between onshore and offshore renminbi for corporate treasurers remains.
SAFE eases cross-border loan guarantee rules; HK court ignores China state secrecy laws; First loan under China-Korea currency swap transacted; Malaysia to roll out mobile e-payment platform.
Hong Kong’s tax bureau appears to be taking a new strong stance on companies who use its shores for cheap trade financing. A recent ruling indicates that companies can be taxed even its key operations are based ...