After a two-year suspension, China’s forex authority outlined last week it would make it easier for foreign companies to implement cross-border liquidity and payment structures once more
The People’s Bank of China has announced a cut in the reserve required ratio – a move that is expected to inject $175bn into the economy - but treasurers should still be wary of reading too much into the move
In one month, China’s foreign exchange regulator has fined 48 corporates, banks and individuals. European chemistry giant Solvay, as well as HSBC, are on the list.
Aug 21, 2018
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A 7% slump in the renminbi's value as the winds of trade war blow has an unwanted consequence: 2016-style capital controls and difficulty in withdrawing money from the country.
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.
CT kicks off its new weekly column on treasury gossip with a look at “Safe’s roadshow” to promote RMB bonds from non-Chinese issuers, and a book on Buddhism that’s shaping up as the new management Bible.
The regulator clarifies its relaxed rules on forwards settlement in FX and sets out several specific examples of financing needs for which treasurers can use such products to hedge.