*China outlines debt-for-equity swap plan
*Hong Kong to set up financial enforcement teams
*Basel Committee reports progress in finalising global regulatory framework
E-payments solutions are slowly spreading across Southeast Asia, but a fragmented regulatory framework makes harmonisation of payment systems a distant goal.
The exorbitant cost of living and rent in Hong Kong are a bane for corporates and employees, says Gordon French, APAC head of global banking and markets for HSBC.
Asia accounted for $692 billion of the global trade finance deficit of $1.6 trillion in 2015, hurting growth and jobs, a study by the Asian Development Bank found.
*ADB study points to large trade finance gap in Asia
*PBoC unveils green finance vision
*Cambodia and China sign AML pact
*Sri Lanka gives land lease tax break to foreign firms
Mahesh Kini takes over as head of trade finance and cash management corporates in China and Suman Chaki takes Kini's old job as head of cash management corporates, Asia Pacific.