Setting up a cross-border cash pool in China; one success story, one failure
Belgian multinational Solvay reveals how it made pooling work — while another treasurer tells how his company fell foul of a policy change. Both agree keeping regulators onside is key.
Cross-border cash pooling is a relatively new practice in China. To many corporates, it doubtless seems like a luxury, only for those with huge cash flow and advanced cash management.
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