Shengjie Tan, Continental Automotive’s Asia treasury head, told CT how he managed to leverage the company’s banking relationships to set up a flexible liquidity framework that could minimise the impact of regulatory ...
China has given some conditional lifting to its suspension of net capital outflows from the cross-border renminbi cash pools in the country. But the criteria for firms eligible for the relaxation remain unclear.
*Safe lifts time restrictions on converting renminbi
*Malaysia and Australia combine for fintech
*Malaysia introduces new method for USD/MYR spot fixing
*FASB announces accounting rule update
Sri Lanka’s prime minister has announced plans to revise the law that restricts foreign exchange flows into and out of the country, but exporters are not holding their breath.
To help China-based treasurers better manage group liquidity, CT provides a full guide to different cash pool structures available in the country, along with their merits and pitfalls.
China’s tax reforms may not reduce tax burdens on popular cash pools, and might even increase costs. The traditional zero-balance cash pool structure specifically suffers.
Hong Kong Monetary Authority is making cybersecurity defence a mandatory rule for banks to implement. But where’s the mandatory rule for firms? Maybe treasurers should establish one.
Both China and Hong Kong are attempting to tackle businesses that have deliberately mis-invoiced goods traded across the border to sneak money offshore.