Dover Corporation and Roche China are ready to take advantage of currency liberalisation from the Shanghai Free Trade Zone (FTZ) through two-way renminbi sweeping.
Siemens, Alibaba, Huawei and ZTE are all in the second batch of SAFE’s pilot for cross-border FX cash sweeping, netting and centralised payments transactions, CT has learnt.
Rocky Lee (pictured), Asia managing partner at Cadwalader, Wickersham & Taft and the firm’s Jerry Zhang explain the significance of SAFE's recent rule changes.