• Runner sprinting with legs on fire symbolising power

    China: approaching the last mile

    In recent years, China has taken great strides to reform its economy and liberalise the market and we are now arguably entering the final stages on this journey. In this article, a number of experts give their opinions on what they expect the future to hold for China both on a macro-level and also in terms of corporate treasury operations.

  • Roller coaster car climbing lift hill

    A new ‘superhighway’ for RMB payments

    Payments and settlement systems in China are changing. With the imminent arrival of the Chinese International Payment System (CIPS) and the second generation of the Chinese National Advanced Payment System (CNAPS), experts believe that the infrastructure necessary for the renminbi to become a fully-fledged global currency will finally be in place. What advantages will this brand-new payments landscape bring for corporates on the ground?

  • Man surfing on a big wave

    Unleashing the dragon: capital account liberalisation

    Despite its emergence as an economic superpower, China’s financial system has remained something of a closed shop. However, that might be about to change. Beijing is looking to accelerate the opening up of the country’s capital account, which could have significant implications both for China and the global financial system as a whole.

  • Man walking through misty forest creating shadow

    The role of shadow banking

    China is keen to play down concerns about the influence of shadow banking on its financial system, but recent pronouncements indicate that Beijing is fully aware of the damage informal lending could do to its plans for sustainable economic growth.

  • Photo of running hurdles

    Corporate regulation in China: a work in progress

    China’s regulatory bodies are making concerted efforts to create an environment of quality in the application of accounting and internal controls over financial reporting, aligned with global standards. But what exactly do these regulations entail and how are companies in China preparing for their implementation?

  • Where next for the renminbi?

    There is no doubt redback is on the rise. China’s currency is slowly adjusting to the geopolitical status attached to the second largest economy in the world. But in which direction will it head and at what speed?

  • Photo of an hourglass

    Short-term investments in China

    It is not always easy for corporates to find a safe haven for their short-term cash in China. Many investment vehicles are kept on a short leash by the central government. In this article, we take a look at the challenges and opportunities this presents.

  • Treasury challenges and opportunities in 2012

    Integral to the global economy, China is already the world’s largest exporter. Despite various headwinds, the country is determined to become a leading international market player, with the measures taken to internationalise the renminbi being testament to that. What does all this progress mean for treasury operations in China?

  • Renminbi de-regulation continues apace

    The internationalisation of the yuan brings with it the need to understand a new and complex currency market. This is the first of two articles that will describe renminbi products and services in detail for China- and Asia-based treasurers looking to do business using the RMB.

  • Money market funds: convergence with international standards is coming

    The first two articles in this series looked in detail at the background to money market funds in China, with an overview of products, volumes and fees. They provided a detailed description of how to choose a fund and covered the regulatory environment. This final piece in the series looks to the future, a future likely to be largely driven by international developments.