Publication date: Mar 2012
Over the coming 12 months, China faces the challenge of maintaining strong growth as the world economy verges on recession. Export orders are expected to decline as western nations deleverage their debt obligations. This poses a challenge to China’s export-orientated economy. In particular, the economic crisis in Europe has underlined the need for government authorities to wean the Asian tiger’s dependence away from export-orientated industries. Instead, China hopes to boost domestic demand by cultivating a more consumption-driven approach to economic growth.Read more
Publication date: Nov 2011
In this issue of Treasury Today in China we are delighted to announce the winners of the 2011 Hui Chuan Awards for excellence in treasury management in association with EuroFinance Conferences. Case studies detailing many of the winning and highly commended solutions are included in this magazine.Read more
Publication date: Jul 2011
This issue of Treasury Today in China looks in depth at the burgeoning market for the renminbi. China’s currency comes in a complicated mix of varieties, each with its own acronym, regulatory environment, interest rate and forward curve. At a strategic level, most companies realise that they must regard China as a key market into which to import goods and services and as a key market from which to source goods and raw materials. For the corporate treasurer, this brings with it a host of issues:Read more
Publication date: May 2011
For the best part of the past 50 years, Japan has held on to the coat tails of America as the world’s second largest economy in terms of GDP. February marked more than just the beginning of the New Year for China as its economy continued its explosive rise and saw it eclipse its neighbour. Japan’s GDP fell by 1.1% to $5.47 trillion in 2010. Over the same period, China reported a figure of $5.88 trillion. All in all, the Year of the Rabbit is shaping up to be an interesting one for the country.Read more
Publication date: Mar 2011
The gradual return to global economic growth provides a theme in this issue, the first of 2011. China did not come close to entering the recession experienced by many western countries, and although growth fell from its previous highs, the economy continues to boom. This growth poses certain challenges for expanding corporates in China. For treasurers of corporations which are increasing their exports and overseas operations, this includes the changing demands of bank relationship management.
Publication date: Nov 2010
In this issue of Treasury Today in China we are delighted to announce the winners of the 2010 Hui Chuan Awards for excellence in treasury management in association with EuroFinance Conferences. Case studies detailing many of the winning and highly commended solutions are included in this issue of Treasury Today in China.
Publication date: Jul 2010
The Chinese authorities continue to open up the country’s banking and financial sectors to international business. One of the most significant milestones in recent months was the announcement of a trial plan to allow the conversion of foreign exchange into renminbi, in order for foreign investors in the Pudong New Area to be able to access the RMB private equity fund industry. This is a significant step forward for foreign investors, who were previously excluded from such ventures.Read more
Publication date: Apr 2010
Recent reports have shown that China’s industrial profit for Q1 2010 was more than double that recorded for the same period in 2009. According to the People’s Bank of China, the 102.6% increase in profits has largely come from growing domestic demand, with the steel and power sectors experiencing particularly high levels of growth. While the RMB690.8 billion ($101.2 billion) figure is impressive, analysts sounded a note of warning as the comparison base during Q1 2009 was a particularly low point for the global economy.
Publication date: Mar 2010
Today, China remains one of the fastest growing economies in the world. The country’s banks have topped global market capitalisation tables and are still growing, both domestically and internationally, despite the headwinds of the crisis. China has also started allowing trials of short selling stocks, which is another step towards bringing China’s financial practices in line with those seen across the globe. Nevertheless, China still has to achieve better transparency and disclosure in terms of credit risk, market risk and operational risk. These are difficulties that also resonate in the treasury community.
Publication date: Jan 2010
During 2009 we saw a great deal of change in China. At the beginning of the year the focus was very much on deteriorating economic conditions. In response, there were bold moves from policy makers with the implementation of large scale stimulus packages and an unprecedented number of interest rate cuts. As the year progressed, China’s GDP predictions were downgraded, but a few months later they were revised upwards as the economy continued to perform well. Towards the end of the year, China firmly took its place on the world stage, calling for the dollar to be replaced as the world’s reserve currency.