As the People’s Bank of China steps up its curb on capital outflows, it has U-turned on its well-publicised cross-border renminbi cash pooling policy. Spooked treasurers are tackling the issue head on.
Following IMF’s decision to include renminbi in its currency basket, CT compiles excerpts from latest analyst reports underlining its implications for treasurers.
Keen to appease treasurers, the Bank of Thailand plans to relax foreign exchange regulations to make the country more attractive for setting up corporate treasury centres.
Surveys show 74% of corporates with renminbi exposures cite CIPS delays as their most important regulatory concern, while others identify deregulation.