Treasury & FX in China

Report date: 
14 Mar 2019

Entrustment pools in China continue to be used extensively and increasingly in a tax effective manner. 

Cross border pooling is also working well in China for most clients using it, especially out of Shanghai, but differences (3 months or 6 months) exist on how often banks require the CNY to return to China before it can be swept out again. 

Invoicing for exports from China in CNY is speeding up the receipt of funds to bank accounts in China versus using FX currency. 

eBADs is being used more by corporates in China, but there continues to be many paper based BADs still used by the Chinese suppliers and banks and the terms vary significantly across banks

Countries: 

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