360T Adrian MurdochAlex DavisAlex Davis Alison Tudor-AckroydAmerican Express Amy RotmanAndrew Tjaardstra Ann ShiBanco Santander Bank Negara Indonesia Bank of America Bank of China (Hong Kong) Baron LaudermilkBen HurleyBenny KungBernice CornforthBlack Swan BlackRock Bloomberg BNP Paribas Bottomline Technologies Broadridge Financial Solutions Cabot Corporation Carol HuangCathy AdamsCherie MarriottChris WrightChristopher ChuCiti Clipper Colin WaughCommercial Partner Content Lab Copper.co Co-Published ChapterCorporateTreasurer EditorsCT Staff Dan BlandDaniel FlattDanny LeungDBS E.SUN Elizabeth UtleyElla Arwyn JonesElla Arwyn Jones and Sara Velezmoro Emma BiFA ReportersFederated Hermes FinanceAsia EditorsFinLync Han Shih Toh Hang Seng Bank Honnus CheungHSBC HSBC Asset Management I-Ching NgiGTB Ingrid PiperJ.P. MorganJ.P. Morgan Jackie HorneJame DiBiasioJane CooperJill MaoJP Morgan Asset Management Kerry LiuKieron Pereira Kieron Pereira & Ella Arwyn Jones KVB Kunlun Kyriba Larissa Ku LendingStarLexisNexis Risk Solutions Liza TanMark AgnewMark Agnew xMarvin ZouMatthew KnightMatthew ThomasNick LordNishtha AsthanaOCBC Bank Partner ContentPeridot Peter ShadboltPhani KumarPhani Kumar Ravi BalakrishnanRay ChanRefinitiv RGE Richard MorrowRichard NewellRupert WalkerRyan Li Sam MacphersonSara VelezmoroSara Velezmoro and Ella Arwyn Jones Sara Velezmoro and Kieron Pereira Shruti ChaturvediSMBC Solomon TeagueStandard Chartered BankState Bank of India Steve DunthorneSuhas BhatSuhas Bhat Sustainable Fitch Techcombank The EditorsThomson Reuters TMF GroupTMF Group Tsering NamgyalUnited Overseas Bank (Malaysia) UOB Malaysia Vincent MorkriVisa Westpac
China has given some conditional lifting to its suspension of net capital outflows from the cross-border renminbi cash pools in the country. But the criteria for firms eligible for the relaxation remain unclear.
*Safe lifts time restrictions on converting renminbi
*Malaysia and Australia combine for fintech
*Malaysia introduces new method for USD/MYR spot fixing
*FASB announces accounting rule update
To help China-based treasurers better manage group liquidity, CT provides a full guide to different cash pool structures available in the country, along with their merits and pitfalls.
*Safe regulates capital outflow for inter-bank bond investment
*Thailand plans reporting exemptions for foreign issuers
*CFTC adopts X-border approach for uncleared swaps
*Indonesia moves to full IFRS convergence
China’s tax reforms may not reduce tax burdens on popular cash pools, and might even increase costs. The traditional zero-balance cash pool structure specifically suffers.
HKMA releases circular on cybersecurity rules; CFTC to expand hedging exemptions in limits amendment; China dumped market-based mechanism for RMB in Jan; SEBI applies KYC norms to ODI issuers; and much more…
As the deadline for the first tax filing under China’s new indirect tax system draws near, CT pinpoints the key challenges for businesses effected in China.
RBI to place ceiling on corporate borrowing; China joins multilateral treaty to share MNC tax info; BSP narrows interest rate corridor; Swift notifies another malware found at the user end; RBI allow FPOs to invest ...
Both China and Hong Kong are attempting to tackle businesses that have deliberately mis-invoiced goods traded across the border to sneak money offshore.