Trial payments from Asia to Australia puts GPI on the map but speed is less critical to treasurers than tracking the payment and keeping correspondent banks on their toes.
At CT’s Shenzhen-based treasury conference, the central banks of Hong Kong and Singapore outline their treasury centre strategies for China’s aspirational corporates.
It's was well covered in the British press, but it is worth highlighting how a volatile currency can cause misery when selling or buying a foreign business.
Companies setting up treasury centres in Hong Kong could be given greater scope to benefit from half-rate tax concessions, CT has learnt. However, it seems, the regulators are keen for companies to set up legal ...