Many of China’s small exporters denied hedging tools have warmed to the new FX hedging offering from Alibaba’s subsidiary Shenzhen OneTouch Business Services.
Tapping the new renminbi cash management pilots requires more than just approval from the state regulators, but also the sophistication and sound preparation of the treasury team who will implement it.
A mysterious letter alleging fraudulent activity at China NT Pharma knocked the vaccine company's stock price off its perch. A sharp refutation from the firm's management has, however, calmed investors for now.