It’s said the secret to a good relationship is never having an opinion – and it seems the same applies to hedging. One of Hong Kong’s most successful funds tells CT how to get hedging right.
After years of debate, HK considers a reform that would allow transfers of losses among subsidiaries. In Beijing, it seems even further away, but there are ways to pay less tax.
From a small Hong Kong office, a state-owned giant manages billions that bankroll global energy projects. Now, it's looking at taking its cash-pooling solutions global.
The central bank is now making it easier for renminbi to be remitted, but conditions still apply. Treasurers in China are, however, holding fire until more information is available, CT understands.