Shanghai FTZ rules make netting too costly, treasurer warns
Tony Lam, treasurer for Valspar Asia, argued that current Shanghai FTZ netting rules drives costs, allowing banks in could save money.
While China has allowed treasurers in the Shanghai Free Trade Zone (FTZ) to conduct centralised payments and collections between associated onshore and offshore entities through a single transaction since last December, provisions have rendered the process onerous some treasurers complain.
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