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Hangzhou is a virtually cashless city. Almost everything can be paid via smartphone and the expectation is that paying with mobile will become the norm in other Chinese cities. How will this rapid and profound shift in the way that people and businesses pay for goods and services affect corporate treasurers?
For treasurers operating in the MENA region, there are exciting opportunities to embrace the digitisation wave, improve workflows, optimise working capital, and deliver even greater strategic value to the business.
NH Hotel Group have centralised the groupís liquidity at local and global level, creating a market-leading solution in the hospitality sector. We find out more about their collaborative, award-winning transformation project, which was undertaken in partnership with their banking partner, BNP Paribas.
Chinese financial regulators have recently published new rules for China's CNY 100trn asset management industry. Aidan Shevlin, J.P. Morgan Asset Management, outlines the implications of the new rules for the industry and for corporate treasurers - and suggests practical steps for rethinking liquidity management in China.
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