Although sections of the market seek an extension to the date for phasing out Libor, treasury officials, bankers and lawyers say they are working under the assumption there won’t be any delays.
New online lending regulation for small businesses to further constrain microloans and preempt systematic risk, especially from informal lending by fintechs, ratings agency says.
With a new digital banking tool aimed squarely at the region’s SMEs, he spoke to CT about trends in transaction banking, small businesses and what the future holds for corporate treasurers.
Mox, the fifth of Hong Kong’s virtual banks, launched last month, showing a solid initial response. But what’s the future for the others and what’s in it for corporate treasurers?
Keenly awaited by corporate treasurers, a central bank digital currency between Hong Kong and Thailand has taken a further step towards becoming a reality.
Citi Treasury and Trade Solutions has appointed a career Citibanker as its new head of trade, with a focus on delivering innovative trade financing solutions
Expectations that banks will be able to recoup losses from low interest rates by hiking fees remain unrealistic given the weak overall economic conditions in China and Hong Kong
There's little doubt that Hong Kong and Singapore are facing tough times, but their banks are quietly confident they're tough enough to withstand the earnings pressure
Lacklustre returns in Europe and the US means HSBC is going back to what, and where, it knows best … Asia. New products and new people are already poised to recapture its home market