Publication date: Aug 2006
Regulatory changes are something of a recurring theme in the Chinese financial sector, due to the government’s ongoing reform programme. The last few months have been no exception, with the PBOC’s recent introduction of a raft of new rules – the PBOC Six Measures – concerning the administration of foreign currency in China. The measures substantially extend the range of foreign currency activities that companies based in China can engage in. The full implications of these measures for the corporate treasurer are discussed in this quarter’s Treasury & Finance News section.Read more
Publication date: May 2006
Banking practices and payment systems in China differ significantly from those in the US and Europe. Consequently, treasurers in China – particularly those working for foreign multinational companies – have to adopt a different approach to those taken by their colleagues in other countries. While the recent deregulation of the financial system has made it easier to operate a treasury in China, the rapidly changing nature of the Chinese market adds to the challenges faced by the treasurer. The China Quarterly Review explores these issues in depth…
Publication date: Feb 2006
Wide-ranging reforms to the structure, financing and regulation of China’s banking sector in 2006 look set to have an enormous impact on corporate treasurers this year.