Treasury/Cash Management - All Articles

  • DBS in Shanghai FTZ trade financing first, HSBC opens sub-branch

    The first trade financing by a foreign bank operating in the new Shanghai pilot Free Trade Zone (FTZ) has been completed, with the sub-branch of DBS’s Chinese operation arranging a cross-border foreign currency letter of credit for Jeans International Trading, a company based in Zhejiang.

    • 30 Jan 2014
  • Shanghai to establish new cash pooling reforms as Beijing preps other FTZs

    Experts say new cash pooling initiatives will be announced soon in Shanghai, while rumors have leaked of a dozen additional FTZs to follow, including Guangdong and Tianjin.

    • 27 Jan 2014
  • Why offshore RMB clearing banks still matter — opinion

    The need for more official local offshore renimbi clearing banks is increasingly being questioned. But there are still plenty of reasons why they are a good idea for a market trying to establish itself. And it's not just about the clearing any more.

    • 23 Jan 2014
  • RMB sweeping can cut costs and improve capital, says Dover - interview

    The Chicago-based industrial manufacturer is one of the first international companies to conduct two-way renminbi sweeping. Michael Zhang, Asia president at Dover, explains why it took part in the initiative and its impact on the firm’s treasury operations.

    • 23 Jan 2014
  • Taiwan gets boost from new RMB cash route

    Bank of China’s Taipei Branch on Monday began offering renminbi cash deposit and withdrawal services to financial institutions in Taiwan. The move comes at a important time for the offshore renminbi sector in the territory, with two borrowers having tapped the bao dao market last week and renminbi deposits in Taiwan surpassing those in rival hub Singapore for the first time.

    • 22 Jan 2014
  • Shanghai FTZ cross-border sweeping rollout attracts corporate interest

    Several banks have launched two-way renminbi cross border sweeping in the FTZ, and the Chinese central bank could soon relax restrictions on other cross-border services.

    • 22 Jan 2014
  • China set to establish more FTZs in a year

    Financial experts at the Asian Financial Forum believe China’s government could set up more free trade zones in 12 months, and will accelerate the roll out of broad market reforms in Shanghai.

    • 15 Jan 2014