While recent downward pressure on the Hong Kong currency might show the increasing influence of China, the Hong Kong dollar peg is simply too useful to change.
Standard Chartered and the International Finance Corporation (IFC) have traded the first offshore USD/CNH cross currency basis swap (CCS) referencing Loan Prime Rate (LPR) and LIBOR.
Currency management automation software firm Kantox has collaborated with 360T, Deutsche Börse Group’s FX unit, to provide straight-through-processing integration for Kantox’s corporate clients.
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.
Widespread capital controls, limited liquidity in government securities, and governance and geopolitical challenges are hurdles to internationalizing the yuan, ratings agency says.
