The Magic 13 Revealed: China's cash pilots players
CT has established the first batch of 13 companies and six banks participating in China's groundbreaking cash management pilots designed to better funnel renminbi and foreign currencies across the border.
The first group of 13 companies and six banks either involved in the PBOC cross-border renminbi intercompany lending pilot, and SAFE’s cross-border foreign currency sweeping, FX netting and centralised payment and collection programme are as follows:
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