FTZ: Sonepar completes two-way RMB pooling sweep
Jun 9, 2014
PBOC Shanghai opens up to automated cross-border RMB sweeping; with caveats
The Shanghai branch of China's central bank is allowing automated cross-border sweeping of renminbi, but present restrictions make this of limited interest to treasurers.
The Shanghai branch of the People’s Bank of China (PBOC) has told bankers it is comfortable with automatic sweeping of renminbi cross-border, although no formal announcement has been made yet, CT understands.
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