RBS’s Yi Xiong advises CT on processes for opening a renminbi special account for cash concentration cross-border in the Shanghai free trade zone (FTZ) and account management going forward.
The Singaporean tax regulator has issued rules on the income tax deductibility of so-called hybrid instruments that favour multinationals and government-linked companies.
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.
Australia clarifies tax perks for payments made to foreign subsidiaries; Singapore issues tax treatment guide for "hybrid" instruments; Russian companies to pay for trade in RMB
Approval and registration standards of China’s State Administration of Foreign Exchange (SAFE) cross-border guarantee financing scheme just got a whole lot easier.
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.
China’s finance ministry has proposed eliminating audit licences for overseas-listed Chinese companies, throwing into doubt Alibaba’s planned IPO. Experts suggest state secret security could be a factor for the ...
China’s Ministry of Finance has proposed banning overseas accounting firms from auditing mainland companies; India’s Ministry of Corporate Affairs announced new rules on share capital and debenture ratios; and joint ...
CT has translated key aspects of new SAFE rulings that will now apply from anywhere in China. This should be treated as a guide only. For more explicit information, please contact a local SAFE representative or your ...