As Beijing finally acts to restrict controversial, opaque, risky wealth management products, CT looks at what the impact will be for corporate treasurers.
In an attempt to fix naked malfeasance, the latest ticket from China’s banking regulator will keep banks on the straight and narrow. That will help higher-rated borrowers.
Cooling measures may have stemmed the tied of overseas direct investment, but the central government is keen to ramp up foreign direct investment into Chinese businesses.
StanChart and Baoxin Group; HSBC and Saint-Gobain; and Citi and Roche have announced new cash programmes relating to pooling and netting in the Shanghai free trade zone following central bank clarifications.
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.
China’s central bank has lifted a host of restrictions designed to make renminbi cross-border trade settlement easier to conduct, while at the same time announced new measures to promote greater offshore renminbi ...
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.