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The logistics company has long employed the services of a third party to push e-invoicing to its clients.
Haymarket Media shows how the right advisor, regulatory change, and project management can help an SME speed up its China remittances.
China’s central bank has lifted controls on foreign currency deposit rates in Shanghai, opening up rate competition beyond the walls of the FTZ.
Germany-based braking system maker Knorr-Bremse completed its second renminbi cross-border loan.
Tony Lam, treasurer for Valspar Asia, argued that current Shanghai FTZ netting rules drives costs, allowing banks in could save money.
Dutch hydraulic-cylinder maker Hyva transacted its first renminbi inter-company loan from China to its headquarters, completing its application in just two-and-a-half weeks.
Baoxin Auto has greatly increased its liquidity through non-quota based renminbi two-way cross-border sweeping in the Shanghai free trade zone (FTZ).
Taiwan elevator Manufacturer Hong-Wei is using benchmark-rate gaps on deposits to earn interest and establish a natural hedge.
Hong-Wei Electrical Industry delivered Rmb2 million in loans to its subsidiary in Kunshan, China via Standard Charted through an intercompany loan.