Banks disagree on the foreign exchange implications of the PBOC’s announcement of a wider renminbi trading band, but advise SMEs to switch to invoicing in renminbi.
China International Marine Containers (CIMC) and Bank Mendes Gans (BMG), a member of the ING Group, began the implementation of a global liquidity management solution.
A new pilot in China has given the green light for companies to move renminbi out of the country via inter-company loans. The scheme won’t yet allow the freedoms you might see in Singapore, Hong Kong, or Australia, ...
HSBC has launched a new suite of global liquidity solutions (GLS) in Australia and Japan. The new products will add capabilities to head accounts which allow sweeping up to midnight, netting, and cross-currency ...
Asia hosts some of the most sophisticated cash management systems; but does a multi-currency pool make sense for your company? CT looks into the pros and cons.
ANZ has hired Gresham Computing to help launch a new cash management suite. It's only available in Australia but the bank hopes to roll it out to Asia-Pacific clients within a year.