Hong Zhang

Visiting Fellow
The case focuses on blockchain (and distributed ledger technology or DLT) – a ‘hot’ area of fintech – and on R3 as a fintech consortium that includes some of the world’s largest banks, financial institutions and regulators. R3 started out as a family office in 2014 and evolved into a fintech company focused on the application of distributed ledger technology (DLT).

Published 23 Jan 2019

Reference 6451

Topic Economics & Finance

Industry Computer Software Financial Services Banking

Region Asia

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The case focuses on the main issues faced by two US-listed Chinese companies – Orient Paper (NYSE MKT: ONP) and New Oriental Education and Technology Group (NYSE: EDU) – when they were attacked by Muddy Waters, LLC.

Published 27 Feb 2017

Reference 6252

Topic Economics & Finance

Region Global

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One of the biggest challenges for multinational corporations (MNCs) is to determine and consolidate their borders. In order to do so, MNCs increasingly strive to create value innovation, particularly within their internal capital market. Accordingly, their corporate treasury functions have witnessed three stages of major evolution in the 21st century.

Published 29 Sep 2014

Reference 5868

Topic Economics & Finance

Region Global

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China represents a significant share of global foreign direct investment but its currency comprises a mere 1.5% of all global foreign exchange transactions. This case describes the measures introduced by the Chinese government to promote the use of the renminbi (RMB) in cross-border trade, financing and other internationalization initiatives, as well as the associated challenges.

Published 23 Jun 2014

Reference 6038

Topic Economics & Finance

Region Asia

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Until 2002, Roche’s treasury activities were decentralized. Then a number of external factors resulted in the multinational company recording a loss of CHF5,192 million. Determined to build a more robust centralized treasury system, Roche conceptualized and implemented an in-house bank (IHB) coupled with cash pooling from its affiliates worldwide.

Published 25 Jun 2012

Reference 5802

Topic Economics & Finance

Region Europe

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This case explains how Lenovo succeeded in achieving its goals of financial globalization. This was largely accomplished through the combination of its corporate treasury centre and a re-invoicing structure. Lenovo’s experience would be of special interest to both emerging market companies pursuing globalization strategies and multinational corporations interested in developing market businesses.

Published 25 Jun 2012

Reference 5867

Topic Economics & Finance

Region Asia

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In 2002, Tyco International experienced a corporate crisis which put the conglomerate in danger of bankruptcy. The case follows how the company successfully tackled a short-term liquidity crisis as well as the steps taken to establish a global treasury management structure to position Tyco going forward.

Published 25 May 2011

Reference 5710

Topic Economics & Finance

Region Global

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