The buzz may be that China is cracking down on outbound, but make no mistake, it’s still a force to be reckoned with. Citi says its treasury business owes more to China outbound companies than MNCs in China
China relaxes rules on corporate bank accounts; China’s has a top year for market fines; China mulls new credit rating rules; China brings in new e-commerce rules
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.
Treasurers need to understand the Chinese regulator's thinking when handing cross-border transactions. Its priority now is ensuring such transactions are authentic.
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?
With increasing liberalisation, the Chinese financial market is seeing more cash investment options than ever, but Danone's Asia treasurer cautions of the need to be aware of regulatory U-turns that can sour a deal