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In one month, China’s foreign exchange regulator has fined 48 corporates, banks and individuals. European chemistry giant Solvay, as well as HSBC, are on the list.
Called Fx Rate Locking, Alibaba’s foreign exchange hedging tool gives small businesses in China what they desperately need – scale.
MUFG and NTT DATA plan to build a blockchain trade highway that will ease bilateral trade between two of Asia's leading trading nations.