Taiwanese SMEs lost an estimated $6.6 billion in TRF (targeted redemption forwards) after the renminbi’s devaluation in 2015. The question now is who will pay back this money?
Bribery and corruption can pose reputational and legal threats to corporates – and China is not the only offender when it comes to shoddy due diligence, a survey shows.
Cooling measures may have stemmed the tied of overseas direct investment, but the central government is keen to ramp up foreign direct investment into Chinese businesses.
Suspicion of fraud at a Chinese company is not the same as fraud, cautions Andrew Leung. For added peace of mind, study your business partner's books and, if necessary, pay a visit.
Cross-investment in related enterprises, an opaque business model at the mercy of regulators and a netherworld of shadowy financial products, Anbang is a signal lesson in what to avoid in China.
Treasurers will watch with interest as regulator calls out shell and zombie companies over reporting problems. Details, however, are thin on the ground.
Finance ministers and central bankers from the G20 group have promised to give each other a heads-up on actions that could trigger major devaluations of their currencies.