China-wide RMB sweeping is logical next step, say banks

Banks that have already helped a number of corporates in the Shanghai Free Trade Zone (FTZ) integrate China treasury operations with regional and global centres are looking forward to the day when the potential of recent reforms is fully realised. The logical next step, they say, is for RMB cross-border two-way sweeping to be available to all corporates in China, not just those based in the FTZ.