• Business table and chairs outside in the senset

    A working relationship

    For treasurers, visibility over cash has never been more vital. To truly gain this visibility, the relationship that the corporate has with its banking partners is critical. But challenges exist in areas such as fees and regulation.

  • Photo of Dim Sum

    Time to sample dim sum bonds?

    A key moment in the internationalisation of the renminbi came in February 2010 when the offshore RMB bond market was opened to non-financial corporations. Since then several well-known companies have tried out the ‘dim sum’ bond market – and some have already come back for more. This article looks at the benefits of issuing CNH bonds, the obstacles companies may face when doing so and the future prospects of this new market.

  • Chinese style bridge

    Harnessing liquidity in China

    Previous articles in this series have looked at the dramatic changes in the regulatory structure for the renminbi and the burgeoning us of the currency. Last month we dealt with the basics of renminbi cash management in mainland China. In this article we look at the development of liquidity management in China, the tools and techniques that can be used and the options open to treasurers looking to invest their excess liquidity.

  • Managing interest rate risk

    Monitoring interest rates and acting on changes in them is an important part of a treasurer’s role. Whether looking at the yield on excess cash invested or the interest rate on outstanding or new issue debt, treasurers need to be aware of the impact of interest rate changes on the balance sheet, P&L and the instruments and techniques available to mitigate the effects of those changes.

  • Shanghai skyline

    Cash management in mainland China

    The first article in this series - in association with Citi - looked at the dramatic changes in the regulatory structure for the renminbi and the burgeoning use of the currency. In this instalment we look at the basics of onshore RMB cash management. This will be followed by a detailed look, in article three, at cash concentration and liquidity management techniques, and in article four at funding.

  • Silk moth

    The birth of a new currency

    The internationalisation of the yuan brings with it the need to understand a new and complex currency market. This introduction is the first in a series of four articles - in association with Citi - that will describe renminbi products and services in detail for treasurers looking to do business with China.

  • Choosing a regional treasury centre location in Asia

    Asia offers a number of attractive locations for businesses looking to establish treasury centres in the region. In this article, we examine their merits.

  • Firemen putting out a fire

    Interim treasury: have you got what it takes?

    You might be a senior treasurer who has got itchy feet working for the same company for years and who wants a more varied working life – or you might be an out of work treasury professional looking to fill in the gap while you look for a permanent role. Either way, the potential rewards of interim treasury can be high – but are they worth sacrificing job security for?

  • Dog walker walking 9 dogs

    On a short leash: controlling local and regional treasuries

    For years, ‘centralisation’ has been the watchword. Many have voiced the benefits of managing global treasury operations from a single centre, with all possible functions brought into one location – but that is not always possible in the real world. This article looks at the roles of regional treasurers, and the benefits their geographical diversity brings.

  • Bank relationships in China: keeping the right balance

    As Chinese economic growth continues apace, corporates need to make sure they have the right support from their banks. But it can be difficult to maintain the right balance of local and global banks – particularly if their geographical footprints do not meet treasurers’ needs.