CT ‘s abridged guide to China’s new guidelines on nationwide cross-border renminbi (RMB) cash pools and centralised payment and collections under current account.
Singapore Airlines has introduced a programme through RBS to allow customers to pay in any of six currencies and to know the price in each currency that they will be billed in.
China’s PBOC will allow cross-border renminbi pooling for multinational corporates, though the need for distinctions between onshore and offshore renminbi for corporate treasurers remains.
SAFE eases cross-border loan guarantee rules; HK court ignores China state secrecy laws; First loan under China-Korea currency swap transacted; Malaysia to roll out mobile e-payment platform.