The Dilemma of Cash Management in China: Presenting Entrusted Loans as a potential Solution
Автор:Jan Freidhof Год: 2012 Издание: [не указанo] Страниц: 56 ISBN: 3639402367 Revision with unchanged content. During the past few years China has attracted investment by foreign mulAtiAnaAtional companies. With its entry into the World Trade Organization on 11 DeAcemAber 2001, China promised to further open up its market to foreign goods and services, and to welcome foreign investment in the following five years in preAviously restricted sectors such as banking and financial services. However, Chinaa??s cash management environment still provides many impositions and obAstacles to challenge corporate treasurers. Moreover, unwritten local customs and practices, coupled with the lack of written regulations, do not ease situation. Hence, this paper introduces the reader to the complex requirements, imApoAsiAtions and obstacles of cash management in China. In this paper the author focuses on two cash management instruments, netting and cash pooling, and presents the associated dilemmas. Furthermore, the author highlights enAtrusted loans as an...
