Asia regional treasurer of General Mills Christopher Emslie tells CT why it ignored the bad press to choose troubled German bank DB for its cash and liquidity management offering
If there’s one thing that corporate treasurers can count on, it’s that Hong Kong is awash with banking liquidity. With underpricing the enemy, it’ll pay to take the long view
A revolution in the way the public pays is being echoed in the corporate world. As the likes of BAML roll out innovation payment solutions for corporates, treasurers are weighing up the benefit.
From Kasikornbank in Thailand to HDFC in India, large corporates increasingly turn to local Asian banks over global players to meet their corporate banking needs in Asian markets.
Treasurers in Hong Kong are eyeing a US rate hike in September, but as uncertainty lingers – and the gap between the rates in HK and the US remains – the HKMA is left to bail out the currency.
Markets are skittish, prone to starting at shadows or gorging themselves on rumours. Is China’s ‘counter-cyclical bounce’ just the latest piece of scuttlebutt to affect the currency or is the writing on the wall?
If traditional industries are the ground troops in the looming conflict, cross-border e-commerce platform Youkeshu is China’s militia. Its CFO talks trade warfare, hedging strategy and bank relationships.
Can you imagine a world without Swift? As transactions limits rise for real time payment platforms, no-fee cross border payments could soon be a reality – starting in Southeast Asia.
It's like nothing China's treasurers have seen in the past 10 years; a toxic combination of defaults, US rate hikes, a downturn at home, regulatory interference and trade tensions are killing bond issuance.