Visa-owned Currencycloud is working to expand its client base in China. In a discussion with CT, Rohit Narang, leader of the firm’s Cross-Border Solutions, highlighted the markets’ significant growth potential.
Notional cash pooling avoids the physical transfer of foreign exchange, reducing FX risk. The US tech manufacturer's Yvione Zhou explains how it works in Asia.
The chemical giant is moving payments out of China to Thailand while switching hedging activities back to its Brussels head office. Its treasury team explains how it's going to work.
The regulator clarifies its relaxed rules on forwards settlement in FX and sets out several specific examples of financing needs for which treasurers can use such products to hedge.
From today Chinese financial institutions no longer have to set aside 20 per cent of the value of dollar purchases. For treasurers, that means lower costs and an opportunity to hedge.
Alibaba’s financial affiliate pays $880 million to acquire MoneyGram, highlighting its ambition to broaden its service offerings in the face of stiff domestic competition.
The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.