Treasurers at MNCs, Chinese multi-nationals, and banks confirm that new measures raising the ceiling for RMB x-border sweeping transactions were welcomed .
HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
In order to meet the needs of China’s multinationals expanding abroad, Safe is overhauling its foreign debt rules so that Chinese MNC’s can better support overseas subsidiaries.
Deutsche Bank and Siemens deepened their cash management relationship by implementing a Robo structure, adding to their existing multi-bank Pobo operations in country.
Philippines finance minister Cesar V. Purisima and delegates at CT’s recent event in Manila outlined strategies for growth in the country and how companies will benefit.
In this month’s Working Capital Chronicle, HSBC was mandated as LME’s renminbi concentration bank. Meanwhile Deutsche Bank and Citi also run innovative cash deals.
The latest court ruling for Citi to pay damages to Mercuria does not mark the end of a legal dispute that centres on trade finance fraud at the Port of Qingdao.