Dutch hydraulic-cylinder maker Hyva transacted its first renminbi inter-company loan from China to its headquarters, completing its application in just two-and-a-half weeks.
China will likely free up deposit rates within two years, hopefully helping end the need for corporates to park cash with dodgy wealth management products, economists believe.
Citic Bank argues China’s interest rate liberalisation is making it easier for small and medium-sized companies to raise funds, and it will only get easier.