Tag: reform

China's Central Leading Group for Deepening Overall reform signaled a long-term plan for the 'negative list' policy in regulating foreign companies; Direct rupiah-RMB transactions proposed for China-Indonesia trade; Compliance rules released on Malaysia-US agreement on FATCA

Perusahaan Listrik Negara, signed a BI mandated foreign exchange line facility with Bank Mandiri, Bank Negara Indonesia and Bank Rakyat Indonesia; The State Council of China will tighten capital adequacy requirements on China policy banks; Malaysia finalises liquidity coverage ratios.

BI levels hedging requirements, foreign asset pledges, and minimum credit ratings on corporate foreign debt in Indonesia; HKMA implemented two new initiatives increasing RMB liquidity measures in the territory.

China’s PBOC will allow cross-border renminbi pooling for multinational corporates, though the need for distinctions between onshore and offshore renminbi for corporate treasurers remains.

With China having issued Announcement 52 on VAT on September 13, CT spoke to key practitioners to identify how companies can take advantage of the reforms.