Log in / Register to read the latest CompleXCountries (CXC) commentary on Corporate Treasury & Banking in China has now been published. It adds to a growing archive of corporate treasury knowledge relating to China - Browse 18 commentaries with associated reports here - all sourced from detailed confidential peer discussions between the treasurers of multinational companies with operations in China - the report includes approaches and experiences with:
- Regulatory environment and regulatory uncertainty
- Engagement with regulators and regional variation
- Cross-border cash pooling frameworks (SAFE and PBOC)
- Cash repatriation methods (dividends, pooling, intercompany loans)
- Trapped cash and liquidity management
- Use and limitations of cross-border and back-to-back loans
- Decisions not to implement pooling and alternative structures (notional pooling)
- Relationships with local Chinese banks versus international banks
- Service quality and challenges with Chinese banks
- Role and performance of international banks
- Domestic cash pooling and cash reporting
- FX management, interest rates, and bank competition
- Onshore (CNY) versus offshore (CNH) renminbi markets
- Short-term investments
- Funding structures (equity, intercompany loans, onshore bank loans)
- Supplier financing programmes and associated regulatory/KYC issues
International banks discussed in the report include: HSBC, Standard Chartered, JP Morgan, Deutsche Bank, Mizuho, Commerzbank and Citi
Chinese Banks include ICBC & Bank of China
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