The People’s Bank of China cut the one year deposit lending rates and upper interest limits allowed to be offered on deposits above the benchmark rate; Bank Indonesia issued policies designed to support the ...
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.
Francis Wai King-fai, CFO of Dah Chong Hong Holdings, Hong Kong’s trading, auto and logistics conglomerate, talks to CT about the trials of piloting cash pooling in China, searching for non-European banks, and ...