On the move
The news has been dominated by reports and stories about the internationalisation of the renminbi of late. Indeed, China’s progress as a global economy has become a fascination for the West – and some might even say it has become a concern. But for treasurers operating in China, the news is only good. Regulations are becoming more business friendly and the country is wholeheartedly embracing best practice.
But for treasurers operating in China, the news is only good. Regulations are becoming more business friendly and the country is wholeheartedly embracing best practice.
One area where we have seen significant progress in the China treasury landscape is in the sophistication of short-term investment products. In the China Focus article, we look at the rise of money market funds in the country. We also examine the popularity of other short-term investment instruments, such as exchange traded funds, entrustment loans and repurchase agreements.
Taking a more international angle with our second major feature, ‘Treasury without borders: mobile technology’, we look at the ways in which mobile software is driving greater and easier access to treasury information – at any time of day and from virtually any location. But inevitably with this increased access comes a longer working day, and in this article we consider the pros and cons of 24/7 treasury.
A topic that is more associated with benefits than downsides is that of green business practice. In this edition’s Question Answered, Deirdre Stokes, CTP and Manager of Treasury at Kellogg Company tells us about the ways in which her department has reaped the rewards of a ‘Go Green’ initiative. These include multiple efficiencies and cost savings. Perhaps it is time your company looked at implementing green treasury practices?
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