Dover Corporation and Roche China are ready to take advantage of currency liberalisation from the Shanghai Free Trade Zone (FTZ) through two-way renminbi sweeping.
German car parts and tyre maker Continental has joined the club of multinationals approved by China’s central bank to transact renminbi intercompany loans out of China.
China’s FX regulator has simplified foreign debt registration which eases restrictions on back-to-back lending between banks in China and Hong Kong. James Wang Yong, an attorney at Han Kun Law Offices in China, ...
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.