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While there have been recent regulatory developments to allow corporations to transfer cash offshore, such as changes to intercompany lending rules, attractive interest rates and a growing array of financial products make it desirable for corporates to leave cash onshore rather than repatriate.

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One of the challenges of doing business in Asia is dealing with the differing regulatory environments across the region; some countries are still more controlled than others, such as China.

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Furthermore, there are recent, highly significant changes in the nature of MMFs in China.

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Consequently, corporations are increasingly seeking cash investment solutions that meet their stringent security and liquidity requirements, but also generate a competitive yield.

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