US-listed Moog Inc, a designer and maker of precision control systems, is the latest addition to a handful of MNCs granted a quota from China’s central bank to make cross-border renminbi intercompany loans.
The US car maker has received PBOC's approval to lend money out of China with the end goal to help its headquarters in Michigan to settle Chinese supplier payments in renminbi.
As Chinese contractors win more bids to build infrastructure projects offshore, bankers at Societe Generale are detecting an uptick in performance bonds being issued in renminbi.
As credit markets tighten, interim management services are often brought in by cash-strapped companies’ private equity investors and banks to restore fiscal health. CT asks a chief restructuring officer to provide an ...
Francis Wai King-fai, CFO of Dah Chong Hong Holdings, Hong Kong’s trading, auto and logistics conglomerate, talks to CT about the trials of piloting cash pooling in China, searching for non-European banks, and ...
Carrie Lee, former engineer, banker and now group treasurer of Orient Overseas Container Line (OOCL), talks to CT about turning to Asian banks for financing, shoring up cash reserve to brave the shipping market, and ...