As far as offshore renminbi hubs outside of Hong Kong go, London rules the roost, but Australia’s quiet but determined bid is showing what an RMB ecosystem could look like
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.
Belgian multinational Solvay reveals how it made pooling work — while another treasurer tells how his company fell foul of a policy change. Both agree keeping regulators onside is key.
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.
As Beijing finally acts to restrict controversial, opaque, risky wealth management products, CT looks at what the impact will be for corporate treasurers.
New renminbi rules will reduce the cost and risk of hedging, to the benefit of treasurers. China’s regulator is making the changes to slow the currency’s appreciation.