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.
Utilising subsidiaries’ cash at the group level has become vital as more Asian corporates move onto the international stage. Bank independence is viewed as the Holy Grail of treasury.
Bunge International Trading, the Chinese arm of a US-headquartered agribusiness company, has completed an RMB cross-border intercompany loan from the Shanghai FTZ.