Corporate treasurers dealing with Chinese privately-owned companies should buckle up, as corporate defaults in the country are expected to hit record highs this year
China relaxes rules on corporate bank accounts; China’s has a top year for market fines; China mulls new credit rating rules; China brings in new e-commerce rules
China backs away from new e-commerce rules; China clarifies tax position for foreign bond holders; AML probe deepens on Japanese bank; RBA takes aim at bank profits; MAS grants first private securities platform licence
HSBC and BNP Paribas are behind a blockchain-enabled letter of credit for a bulk shipment of iron ore between Australia and China, cutting a two-day process down to two hours
In a first for the country's banks, one of China's big-four lenders taps fintech to provide a loan online. The bank says using technology will offer businesses in the agriculture sector easier access to liquidity.