Sunday, January 19, 2014

Citi offers automated RMB cross-border pooling in Shanghai free trade zone

Posted by My Blog Collection at 9:08 PM

Citi said on Monday it had launched an automated RMB cross-border pooling solution for its clients in the China (Shanghai) Free Trade Zone, a move that could help multinational companies optimise their cash management and enhance capital efficiency. The solution enables companies to automatically sweep RMB between their onshore and offshore entities freely, without providing supporting documents ...



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