neil daswani

It might be the most important financial development of the century, but for company CFOs and treasurers, the implications of renminbi internationalisation are not yet clear.

International banks are helping Chinese companies put the right cash management infrastructure in place before they go global.

Longer-term prospects for renminbi internationalisation are positive, but its short-term development is more veiled.

Citi’s Sanjeev Chatrath says Chinese companies are a lot more focused on establishing centralised treasury centres in order to fund their often rapid growth.

Neil Daswani, head of transaction banking for North Asia at Standard Chartered, explains what Chinese companies are looking for when going abroad.