CXC Report : Bank Relationships & Cash Management in China

The CXC Report:  Bank Relationships & Cash Management in China, based on a detailed corporate treasury peer discussion is now live - you can read the commentary and report here. The report includes MNC corporate treasurers experiences with and approaches to:

• Domestic Cash Pooling
• Cross-Border Pooling: Uncertainty and Regulation
• PBOC vs. SAFE Schemes
• Regional Differences in Approval
• Zeroing Requirements and Loan Structures
• Multiple Pools and Branch Participation Issues
• Single vs. Multi-Currency Pools
• Equity-Based Limits and Thin Cap Rules
• Scrutiny of Foreign Pool Headers
• Tax Treatment of Automated vs. Manual Transactions
• Workarounds and Innovative Structures
• Role of Chinese MNCs in Pooling
• Cash Repatriation: Royalties and Dividends
• Withholding Tax Considerations
• Cross-Border Intercompany Loans
• Cross-Border Payments for Goods and Services
• Banking Relations with Global Banks
• Challenges with Chinese Banks
• Local Account Requirements
• Balance Reporting and Sweeping Costs
• Competition and Pricing Pressure
• Bankers’ Acceptance Drafts (BADs) Issues
• Supply Chain Financing Programmes
• Credit Cards and UnionPay
• AliPay and WeChatPay: Reporting and Reconciliation Challenges
• Cash Management and Local Investments
• Joint Ventures and Investment Policy Conflicts