Siemens, Alibaba, Huawei and ZTE are all in the second batch of SAFE’s pilot for cross-border FX cash sweeping, netting and centralised payments transactions, CT has learnt.
Rodney Olsen, APAC CFO of Kimberly-Clark, on how the maker of Kleenex’s finance team joined forces with marketing to rollout True North, its global FP&A initiative.
US-listed Moog Inc, a designer and maker of precision control systems, is the latest addition to a handful of MNCs granted a quota from China’s central bank to make cross-border renminbi intercompany loans.
The US car maker has received PBOC's approval to lend money out of China with the end goal to help its headquarters in Michigan to settle Chinese supplier payments in renminbi.
As Chinese contractors win more bids to build infrastructure projects offshore, bankers at Societe Generale are detecting an uptick in performance bonds being issued in renminbi.
Betty Fan, senior consultant at Element Consulting Group, an advisor of shipping companies and manufacturers, shares her insight on how companies can improve their cash flow when liquidity is tight.