Corporate treasurers dealing with Chinese privately-owned companies should buckle up, as corporate defaults in the country are expected to hit record highs this year
If traditional industries are the ground troops in the looming conflict, cross-border e-commerce platform Youkeshu is China’s militia. Its CFO talks trade warfare, hedging strategy and bank relationships.
Corporates facing bankruptcy in India will get a second chance before landing in insolvency court after RBI approves ‘provisional ratings’ based on restructure agreements.
The government is attempting to repair the tarnished image of public-private partnerships by offering high-quality assets. But CFOs say maintaining relations with local officials will be key to securing the right deals.
Failure to implement effective internal controls and comply with accounting standards have emerged as key pitfalls for companies wanting to go public in China.