Combining exclusive interviews and submissions from Asia’s key transaction banks, CT has compiled ten top trade finance strategies from the last year. This is part three of five of the full write ups.
Global trade flow volumes have declined in 2012, dwindling to $37.7 billion and registering 217 deals in the year. This is down from $40.5 billion and 593 deals recorded in 2011.
The British bank, HSBC, has hired Quang Buu Huynh from Vietnam to Hong Kong to run global trade and receivables business in an effort to drive trade revenue in the bank’s key markets.