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Banks began processing international renminbi payments through China’s new cross-border interbank payment system (Cips) sparking wide acclaim from participants.
Pentair's senior treasury director Terri Scherber takes CT through its new automatic renminbi sweeping and how it is integrating China into global treasury.
China and Russia sign a slew of finance and trade deals, including a Rmb150 bln swap agreement; The HKMA courts Thai renminbi business with special promotions for the Chinese currency; China's Ministry of Finance ...
Treasurers are finding alarming discrepancies in how they are charged for bank services and are pushing for transparent billing.
China kicks off direct kiwi dollar/RMB trading; OECD's transfer pricing standards; Singapore to create RMB RTGS system
India sets up weekly rupee bill auction to quell FX weakness; Japan's PM hints at corporate tax cuts; China makes it easier to bail out banks
Outdated legal barriers and licensing laws are unsuited for payment apps, and the markets that provide them.
The British bank, HSBC, has hired Quang Buu Huynh from Vietnam to Hong Kong to run global trade and receivables business in an effort to drive trade revenue in the bank’s key markets.