Hong Kong and Singapore might present themselves as the only spots to host RTCs. But corporates say setting up in China's capital can see a treasury unit play another role entirely...
*China outlines reserves rule for foreign bank FX trading
*GMFA objects to proposed Basel III revisions on cash pooling
*Singapore confirms steps against financial cybercrime
HSBC has promoted Kee Joo Wong tohead of payments and cash management for Asia-Pacific. He replaces John Laurens, who took up the top transaction role at DBS.