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.
Chinese banks’ soaring profits may soon be a thing of the past since the nation started liberalising its interest rates last June, which continues to erode their earnings.
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 ...
Francis Wai King-fai, CFO of Dah Chong Hong Holdings, Hong Kong’s trading, auto and logistics conglomerate, talks to CT about the trials of piloting cash pooling in China, searching for non-European banks, and ...