Corporate treasurers and CFOs are backing a weaker renminbi in 2019, betting the People’s Bank of China will weaponise the currency to fight the escalating trade war.
It’s not all doom despite the deleveraging, say currency experts. Early signs are there that central bank regulations to stem capital outflows are beginning to bear fruit.
From a small Hong Kong office, a state-owned giant manages billions that bankroll global energy projects. Now, it's looking at taking its cash-pooling solutions global.