Dover Corporation and Roche China are ready to take advantage of currency liberalisation from the Shanghai Free Trade Zone (FTZ) through two-way renminbi sweeping.
Siemens, Alibaba, Huawei and ZTE are all in the second batch of SAFE’s pilot for cross-border FX cash sweeping, netting and centralised payments transactions, CT has learnt.
Many of China’s small exporters denied hedging tools have warmed to the new FX hedging offering from Alibaba’s subsidiary Shenzhen OneTouch Business Services.
Shareholder and regulatory pressure has spurred companies to conduct more compliance checks. CT asks Torsten Duwenhorst, partner of forensic technology and discovery services at Ernst & Young, how to maximise value ...
Tapping the new renminbi cash management pilots requires more than just approval from the state regulators, but also the sophistication and sound preparation of the treasury team who will implement it.
As credit markets tighten, interim management services are often brought in by cash-strapped companies’ private equity investors and banks to restore fiscal health. CT asks a chief restructuring officer to provide an ...