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Risk consultants say the enormous scope and vague nature of the law, which kicks in today, mean MNCs will struggle to avoid falling foul of it.
China’s central bank is pushing large companies and banks to get on board in a bid to relieve cashflow pain among China’s small businesses.
The central bank is rolling out of an exchange trading place for bill transactions, with paper-based bills going to the forefront.
*Chongqing and Singapore to seal deals worth $1.6 bln under third X-border initiative *Indonesia eyes CCP establishment for derivatives by 2018 *China eases FTZ investment rules