A severe liquidity squeeze in the offshore renminbi deliverable forward market was spotted on the very front-end of the curve, on July 3. The overnight implied rate shot up to 15% at one point. Should corporations be ...
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 ...