China

Tools for Business Success

 

Business in China 

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How will U.S. – China Trade Policy Affect your Business?


Helping You Succeed in Mainland China

China’s influence on international trade continues to grow and recent developments have accelerated the importance of the Chinese Renminbi (RMB). On-the-ground support and currency solutions can help you succeed in this rapidly changing environment.

On October 1, 2016, the renminbi became one of the world’s reserve currencies. Along with a series of liberalizing moves, this development has turned the renminbi into an “elite currency” according to the New York Times.[1]

PNC can help you take advantage of the growing role of the renminbi in international trade with new hedging tools and payment options to help you manage risk, improve your competitive position and increase profitability.

PNC’s Shanghai Representative Office can provide support and insight to help U.S. companies navigate the day-to-day challenges of doing business in a changing China.

 

Is it Time to Change your Chinese Payment Strategy?
Need Assistance Managing your Chinese Cash Flow and Mitigating Payment Risk?
Looking for On-the-Ground Support in China?
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What the Liberalization of the Chinese Currency Means to your Business

Liberalization of Chinese Currency

For companies accustomed to doing business in U.S. dollars, there can be a surprising upside to switching to the RMB for Chinese transactions.

Important Legal Disclosures & Information

  1. The New York Times, Nov. 30, 2015

  2. The Wall Street Journal, Jan. 21, 2015

PNC Bank, NA’s (“PNC”) Shanghai Representative Office was approved by the China Banking Regulatory Commission on April 16, 2008. PNC’s Shanghai office is prohibited from engaging in any form of operational business activities in compliance with the People’s Republic of China on Administration of Foreign-funded Banks released by the State Council. Accordingly, PNC’s Shanghai Representative Office does not accept deposits, underwrite loans or issue credit of any kind, or sell wealth management products in China. Any activities of these types in China using the PNC name or trademarks are not authorized by PNC.

PNC Bank, National Association is a subsidiary of The PNC Financial Services Group, Inc. (NYSE: PNC). For further information, please refer only to www.pnc.com

The information contained herein (“Information”) was produced by an employee of PNC Bank, National Association’s (“PNC Bank”) foreign exchange and derivative products group. Such Information is not a “research report” nor is it intended to constitute a “research report” (as defined by applicable regulations). The Information is of general market, economic, and political conditions or statistical summaries of financial data and is not an analysis of the price or market for any product or transaction. This Information is for general information purposes only and is not intended as legal, tax, accounting, or financial advice, or recommendations to sell currencies or securities or to engage in any specific transactions and does not purport to be comprehensive. Under no circumstances should any Information be used or considered as an offer or solicitation of an offer to participate in any particular transaction or strategy. PNC is a registered service mark of The PNC Financial Services Group, Inc. (“PNC”). Foreign exchange and derivative products are obligations of PNC Bank, Member FDIC and a wholly owned subsidiary of PNC. Foreign exchange and derivative products are not bank deposits and are not FDIC insured, nor are they insured or guaranteed by PNC Bank or any of its subsidiaries or affiliates.

The information contained herein is intended for informational purposes only, and should not be construed as legal, accounting, tax, trading or other professional advice. You should consult with your own independent advisors before taking any action based on the Information. Under no circumstances should the information be considered trading advice or a recommendation or solicitation to buy or sell any products or services or a commitment to enter into any transaction. The information is gathered from sources PNC Bank believes to be reliable and accurate at the time of publication and are subject to change without notice. PNC Bank makes no representations or warranties regarding the information’s accuracy, timeliness, or completeness. All performance, returns, prices or rates are for illustrative purposes only.  Markets do and will change. Actual results will vary, and may be adversely affected by exchange rates, interest rates, commodity prices or other factors.

Foreign exchange and derivative products are obligations of PNC Bank, Member FDIC and a wholly owned subsidiary of PNC. Foreign exchange and derivative products are not bank deposits and are not FDIC insured, nor are they insured or guaranteed by PNC Bank or any of its subsidiaries or affiliates.