China’s FX reform hit treasurers the most – JP Morgan survey

Senior financial executives from more than 100 global and regional corporates responded at Asia-Pacific Treasurers Forum

Shanghai: since August 2015, the onshore renminbi has depreciated against the US dollar by 7.4%

China's reform of the renminbi exchange rate regime had the biggest impact on Asia-Pacific corporate treasurers during the last 12 months, according to a JP Morgan survey.

The survey, which polled corporations with a collective market capitalisation in excess of $3.2 trillion, was conducted during JP Morgan's annual Asia-Pacific Treasurers Forum in Shanghai, where senior financial executives from more than 100 global and regional corporates gathered to discuss issues of cash management and

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