In one month, China’s foreign exchange regulator has fined 48 corporates, banks and individuals. European chemistry giant Solvay, as well as HSBC, are on the list.
In China, telecoms giant ZTE is on the front pages presented as a pawn in a larger political game, but the lessons of looking out for compliance apply to every corporate treasury in the region
Some of the world’s top companies – also including Roche, GE and others – join Swift’s global payment initiative pilot. But whether other “Swift corporates” will be able to go GPI-active remains to be seen.
A massive tax reduction plan promoted by Premier Li Keqiang is intended to boost small and medium-sized enterprises. Treasurers may want to revisit contracts and renegotiate pricing.
Cryptocurrencies' problem is they’re often backed by little more than hope and hype. Bridgecoin, however, says it’s about to change all that. CT looks at its mechanisms and challenges.