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The logistics company has long employed the services of a third party to push e-invoicing to its clients.
HSBC has promoted Kee Joo Wong tohead of payments and cash management for Asia-Pacific. He replaces John Laurens, who took up the top transaction role at DBS.
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.
China has issued implementation rules on the nationwide cross-border RMB cash pool, which is generally detailed enough for corporates’ execution.
Carlisle Companies won SAFE approval for a China domestic US dollar cash pool in the Shanghai FTZ, but holds off on cross-border implementation over FATCA concerns.
Haymarket Media shows how the right advisor, regulatory change, and project management can help an SME speed up its China remittances.
Man Yue Technology launched a cross-border factoring programme selling the company’s receivables from China customers to DBS.
CT has translated and provided an explanation China’s recent comprehensive Q&A session aimed at clarifying foreign currency cash pooling rules for multinationals.
Multiple corporates have come forward to tout special fund raisings through the Tianjin-Singapore RMB cross-border initiatives on July 9, but space is limited.
China’s central bank has lifted controls on foreign currency deposit rates in Shanghai, opening up rate competition beyond the walls of the FTZ.