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.
With new head Mark Troutman appointed, as well as two new regional coordinators, HSBC is set to launch its global corporate focused sales team for payments and cash management (PCM).
Deutsche Bank and Siemens deepened their cash management relationship by implementing a Robo structure, adding to their existing multi-bank Pobo operations in country.
