Cash not easy to manage in China

Yvonne Yiu, senior VP, Global Payments and Cash Management for Hong Kong and Kee Joo Wong, VP for Global Payment and Cash Management, HSBC, China discuss cash management problems in China

Yvonne Yiu, senior VP, Global Payments and Cash Management for Hong Kong and Kee Joo Wong, VP for Global Payment and Cash Management, HSBC, China discuss cash management problems in China.

What are the specific problems companies encounter in China relating to accounts receivables, especially when the company has several locations across the country

The ability to receive and consolidate the collections in a centralized area for more efficient utilization of funds, plus the quality of the accompanying collections information for reconciliation in a timely manner is probably the most common problem that companies encounter in China. This is especially true when the company...

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