Treasury/Cash Management - All Articles
Onshore Chinese corporates are generally bearish on the short-term outlook for the economy as sentiment remains fragile, according to a new report from Standard Chartered. Companies are also predicting the renminbi will weaken by year end with the increased volatility increasing their interest in managing FX risk.
New cross-border financing schemes are being introduced across the four Chinese free trade zones (FTZs), with the newest three, in Guangdong, Fujian and Tianjin, seeing plenty of success after just four months of operations, according to foreign banks.
The close trade links between Germany and China are the main driver for a promising German RMB market. Marcus Sehr, global head of institutional cash, global transaction banking, at Deutsche Bank, tells GlobalRMB that new trade transactions should be the real key to promote more local RMB use.