China adjusted loan-to-deposit ratio calculation rules for the first time in 19 years, a measure economists calculate will free up about Rmb1.25 trillion.
The PBOC has issued a directive to banks releasing targeted industries from inclusion in Chinese banks' loan to deposit ratios:The Philippines has clarified its value added tax rebate process; and Taiwanese banks ...
China’s Ministry of Commerce has issued new rules that lower the market entry level for foreign invested enterprise, easing bureaucracy for treasurers and finance teams dealing with foreign debt quotas.
The FASB has updated its repurchase agreements (repo) guide, a measure designed to end the accounting sleight of hand used by now defunct Lehman Brothers to polish its balance sheet.
Technoform raised a Rmb10 million loan from ICBC in a Chinese-Singaporean pilot initiative that bypasses foreign debt quotas. At least four other companies are following suit.
Singapore's MAS pushes renminbi liquidity measures and cooperation with China's PBOC; The Philippine' senate has approved a bill allowing 60% foreign bank ownership; Vietnam's central bank proposes fees for cash ...
The Singaporean tax regulator has issued rules on the income tax deductibility of so-called hybrid instruments that favour multinationals and government-linked companies.
China’s PBOC will allow cross-border renminbi pooling for multinational corporates, though the need for distinctions between onshore and offshore renminbi for corporate treasurers remains.
Australia clarifies tax perks for payments made to foreign subsidiaries; Singapore issues tax treatment guide for "hybrid" instruments; Russian companies to pay for trade in RMB