The Japanese company plans to reduce its reliance on bank loans by borrowing from subsidiaries with ample cash in a bid to raise $1.8bln of its $2.7bln funding needs.
China’s top policymaker turns on the tap (again) for companies to sweep renminbi funds across borders via two-way renminbi cash pooling ... though it's not entirely clear how this differs from the existing regime.
With CBRC approval, the Chinese power generator’s in-house bank completes supply chain financing transactions involving both its own entity and a third party.
Instead of parking liquidity at a commercial bank in Thailand, Mitsubishi Electric wants to achieve better deposit yields and cash investment returns by pooling, CT has learnt.
The Chinese firm had fewer than 180 days to put together the dollar liquidity to pay for GE’s home appliance business. Its trading head tells CT how it was done and why it now uses a specialist FX trading platform
High scores in the banking regulator’s benchmarking exercise are vital if an IHB is to win approval to expand its range of services. CT spoke to an SOE treasurer on how the process works.