ICBC’s Singapore branch can now provide renminbi cross-border settlements. What factors will help Singapore to rival Hong Kong as a renminbi hub and what will it mean for the CNH? CT asks the experts
HSBC has launched a receivables reconciliation product for FMCG clients. The British bank is targeting pharma and insurance clients with a similar payments profile next.
Dodgy-looking cash transactions surge 29% in Hong Kong. Police have attributed the jump to "improved awareness" from financial institutions since anti-laundering laws kicked in in April.
Taiwan’s central bank has agreed with its counterpart in China to create renminbi clearing in Taiwan. Trade settlements could shoot up to $12 billion by the end of the year as a result.
CT talks to David Vermylen, global credit manager, petrochemicals, at BP and Ashutosh Kumar (pictured), global head of trade product development at Standard Chartered about BP’s decision to conduct a unique end-to-end...
Direct trading between the renminbi and the yen in China’s interbank market kicked off on June 1. We ask a series of experts what this development means for business and trade.
To ensure you don’t get a stern ticking off from a regulator, CT asked Russell Brown, of accounting firm Lehman Brown, his top tips on successful cross-border payment with China.