With African swine flu outbreak in China still ‘severe and complex’ corporate treasurers would do well to look at the impact of inflation on their liquidity
In one month, China’s foreign exchange regulator has fined 48 corporates, banks and individuals. European chemistry giant Solvay, as well as HSBC, are on the list.
China’s leading optical device manufacturer has seen the equivalent of $29 million wiped out on the back of the renminbi’s devaluation. Meanwhile, the PBoC’s latest move is adding to its pain.
As trade tensions deepen, charting a path through increasingly desynchronised economies is becoming more difficult. Citi’s lead Asia economist tells CT what treasurers need to prepare for.
Treasurers tell CT what a return to the reserve requirement on forward trading – which puts the brakes on renminbi-US dollar forwards – will mean for their operations.
A 7% slump in the renminbi's value as the winds of trade war blow has an unwanted consequence: 2016-style capital controls and difficulty in withdrawing money from the country.
Money market funds have so far failed to find favour with treasurers, except in China. A new product in Hong Kong could change all that – if high fees don't get in the way.
China has been pushing for more Panda issuance, and a Hong Kong-listed water supply company has delivered despite not holding the top credit rating. It explains how and why.
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.