Corporates in Indonesia are concerned over new Bank Indonesia rules designed to limit exposures to foreign debt, calling one particular provision “ridiculous”.
BI levels hedging requirements, foreign asset pledges, and minimum credit ratings on corporate foreign debt in Indonesia; HKMA implemented two new initiatives increasing RMB liquidity measures in the territory.
Singapore and China launch direct RMB trading, integrating Singaporean banks in China's interbank trading system; Commercial banks such as HSBC and DBS have been identified as RMB/SGD market makers; China's supreme ...
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.
ASEAN+3 go together at the World Bank Annual Meeting to strengthen their Chiang Mai Initiative foreign exchange regime; The CIRC opened a new financing outlet for China's shadow banking through insurance companies; ...
China and Russia sign a slew of finance and trade deals, including a Rmb150 bln swap agreement; The HKMA courts Thai renminbi business with special promotions for the Chinese currency; China's Ministry of Finance ...
China's State Administration of Foreign Exchange (SAFE) has replaced or eliminated a total of 34 foreign exchange documentary rules; Hong Kong announced several initiatives to position itself as a renminbi trading ...
HK will outline community-influenced policies to attract more treasury centres to the city in the coming year, including tax incentives and benefits for treasurers as net lenders.