Chinese corporates outperformed their international counterparts in terms of working capital at the start of the pandemic. However, factors such as a slower-than-expected demand recovery have since contributed to a “normalisation” process.
CT spoke exclusively to head of Asia, Steve Scott, to learn about the fintech’s strategy across the region and to discuss the themes affecting corporate access to working capital.
Treasurers last year moved away from cash preservation and towards deployment as pandemic woes eased, but must remain cautious amid new uncertainties, a JP Morgan report found.