DB’s financial system will be connected to Yonyou’s ERP platform and TMS, which serves a group of state-backed enterprises in China. The first roll-out is expected in Q1, according to a DB spokesperson.
Intra-group cross-border transactions are netted monthly into Renminbi through netting settlement centres, across nine mainland entities. The solution, via HSBC, unlocks working capital, and is exposed to the ...
As the PBOC sticks to 7.2-level fixing rate, Donald Trump’s administration’s decisions on tariffs will have the largest impact on the currency in 2025.
HSBC has become the latest bank to sign a $1bn risk-sharing facility with the International Finance Corporation, to help address a trade finance gap in emerging markets.
Hong Kong eyes full alignment with the sustainability rules by 2028; despite progress in core disclosure, advanced metrics, such as climate risks, are a long way from their targets in Asia.
