China's currency watchdog upgraded its rules on centralised cross-border fund management in March. Three months later, Delphi Technologies and Deutsche Bank had a cross-border pooling solution in place
It started as a crackdown on wealth management products; now it threatens credit to the real economy. Here's why China’s regulators may now need to sue for peace.
From a small Hong Kong office, a state-owned giant manages billions that bankroll global energy projects. Now, it's looking at taking its cash-pooling solutions global.