Letters of credit may be a necessary evil that prolongs the trade process, but financial regulators in the two cities are pushing blockchain as a way to solve an old problem.
Instead of relying on estimation and sometimes even blind luck, treasurers can now quantify the cost and benefit of transaction services with simulation services
While the People’s Bank of China hopes cuts to its reserve rate ratio will inject liquidity into the SME market, the fundamentals still weigh heavily against it.