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Ten banks have entered a pilot programme of Cips phase II, which will allow 24-hour operation and net flow clearance.
Risk consultants say the enormous scope and vague nature of the law, which kicks in today, mean MNCs will struggle to avoid falling foul of it.
The development of the AEC is exciting, but many areas – particularly services and finance – will remain heavily protected.
Siemens can now freely pay and receive in renminbi. Stefan Harfich, head of bank relations, explains how it was done.
CT has established an interactive treasury webcast service. With access to exclusive, upcoming interactive events, treasurers can watch and listen in live or download the archive of webcasts at a convenient time.