Osram expands cash pool in China nationwide
German lighting producer Osram has been given the “green light” by the PBoC to expand its China pooling structure nationwide. It is working with Deutsche Bank on the upgrade.
Germany-headquartered lighting manufacturer Osram has been given approval by the People’s Bank of China (PBoC) to spruce up its China liquidity management structure nationwide in China. Deutsche Bank is the primary cash management bank in China working on the strategy, the German bank announced on December 7.
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