For treasurers at the centre of China’s efforts to cool the bubbling property sector, offshore yields are now so attractive they outweigh the problem of foreign exchange restrictions
Corporate treasurers in Hong Kong will watch pricing closely following the Moody's downgrades, though the wider outlook for local corporates is likely to remain robust.
The Chinese conglomerate's over-arching ambition finally gets the better of its board – and its financial officers may have been powerless to halt the slide.
Large Chinese corporates such as Tencent and Alibaba told CT they would consider investing in certificates of deposit, a cash instrument that China’s central bank made available to corporates last week.
The People’s Bank of China announced yesterday afternoon that corporates can now invest in certificates of deposit, a much needed move to complete interest rate liberalisation
Banks disagree on the foreign exchange implications of the PBOC’s announcement of a wider renminbi trading band, but advise SMEs to switch to invoicing in renminbi.