Hong Kong’s tax bureau appears to be taking a new strong stance on companies who use its shores for cheap trade financing. A recent ruling indicates that companies can be taxed even its key operations are based ...
Valspar has added renminbi to its global cash pool currencies through a dividend payment to its US headquarters and has future plans for the Shanghai free trade zone (FTZ).
Dutch hydraulic-cylinder maker Hyva transacted its first renminbi inter-company loan from China to its headquarters, completing its application in just two-and-a-half weeks.
China will likely free up deposit rates within two years, hopefully helping end the need for corporates to park cash with dodgy wealth management products, economists believe.