Aside from PBOC's earlier pilot allowing renminbi inter-company loans, tech firm Intel is poised to tap another trial enabling select companies to realise cross-border foreign currencies sweeping from China.
CMB extends flexible revolving credit to Shell’s lubricant distributors screened by the multinational.The funds offer these trading companies shunned by mainstream banks cheap financing - but with strings attached.
For CFOs considering following Hopewell Highway in raising offshore renminbi shares, Edward Au, Deloitte China’s national co-leader of public offering group (pictured), offers advice.