Item description for The Dilemma of Cash Management in China by Jan Freidhof...
During the past few years China has attracted investment by foreign multinational companies. With its entry into the World Trade Organization on 11 December 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 previously restricted sectors such as banking and financial services. However, China's cash management environment still provides many impositions and obstacles 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, impositions 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 entrusted loans as an alternative solution. In the course of the paper it becomes clear that implementing cash management instruments requires testing the boundaries of regulation and technology. The paper addresses financial managers and treasurers, economists as well as entrepreneurs.
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Est. Packaging Dimensions: Length: 9.61" Width: 6.69" Height: 0.11" Weight: 0.22 lbs.
Release Date Mar 2, 2007
Publisher VDM Verlag Dr. Mueller e.K.
ISBN 3836408414 ISBN13 9783836408417
Availability 104 units. Availability accurate as of Mar 24, 2017 10:07.
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