Banks began processing international renminbi payments through China’s new cross-border interbank payment system (Cips) sparking wide acclaim from participants.
HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
With two new hires in place in Singapore, global coordination, Citi ramped up its treasury advisory team in a market where competitors have struggled for business.
In order to meet the needs of China’s multinationals expanding abroad, Safe is overhauling its foreign debt rules so that Chinese MNC’s can better support overseas subsidiaries.
The HKMA scraps renminbi clearing bank requirements for repo transactions; Korean regulator promises lower foreign bank barriers; Safe reforms foriegn debt policies for non-Chinese MNCs.
Deutsche Bank and Siemens deepened their cash management relationship by implementing a Robo structure, adding to their existing multi-bank Pobo operations in country.
Regulatory roundup: The PBoC relaxes capital account control by allowing onshore RMB conversion; China’s congress vote removes loan-to-deposit ratio requirement; RBI discloses D-SIB list, with additional common ...
Philippines finance minister Cesar V. Purisima and delegates at CT’s recent event in Manila outlined strategies for growth in the country and how companies will benefit.