Tag: inter-company lending

US multinational approved to tap the PBOC’s extended pilot programme for cross-border RMB intercompany lending.

China’s central bank has lifted a host of restrictions designed to make renminbi cross-border trade settlement easier to conduct, while at the same time announced new measures to promote greater offshore renminbi activity.

German car parts and tyre maker Continental has joined the club of multinationals approved by China’s central bank to transact renminbi intercompany loans out of China.

Ryan Hershberger, regional treasurer of Asia-Pacific and Africa, on how Ford was restructured after the credit crunch left it reeling.

Tapping the new renminbi cash management pilots requires more than just approval from the state regulators, but also the sophistication and sound preparation of the treasury team who will implement it.

The US car maker has received PBOC's approval to lend money out of China with the end goal to help its headquarters in Michigan to settle Chinese supplier payments in renminbi.

MNCs tell CT how they are taking advantage of pilot programs in China to repatriate trapped renminbi and streamline cash management.

Yannick Gehin, Danone's Asia-Pacific treasurer, tells CT why and how the food conglomerate completed a renminbi intercompany loan last month

Rocky Lee (pictured), Asia managing partner at Cadwalader, Wickersham & Taft and the firm’s Jerry Zhang explain the significance of SAFE's recent rule changes.

CT delivers a comprehensive overview of the four renminbi and foreign currency cash management pilots that have been green lighted in Beijing and Shanghai.

Banks are now able to facilitate renminbi cross-border loans for corporates' activities outside of China. CT asks how important this pilot scheme really is.

A new pilot in China has given the green light for companies to move renminbi out of the country via inter-company loans. The scheme won’t yet allow the freedoms you might see in Singapore, Hong Kong, or Australia, but bankers are made up this is a major development for the Chinese currency.