Trade & Supply Chain Finance

The bank's regional Apac co-head of trade finance has said he is leaving to take a break; Aditya Gahlaut, has started as regional head, Asia, global trade solutions, at HSBC; the bank has also made changes in its regional payment leadership team.

Banks in the city can provide longer tenor trade finance services with higher volumes for both Chinese and international corporate clients, under a new HKMA arrangement; some firms have already secured liquidity.

The swap line will help Hong Kong banks to provide trade financing liquidity.

Banks are providing incentives to encourage greener, more transparent supply chains, however managing costs is a key challenge, according to a survey.

HSBC has become the latest bank to sign a $1bn risk-sharing facility with the International Finance Corporation, to help address a trade finance gap in emerging markets.

Former Goldman Sachs executive Ali AlShamma joins the Bahrain digital bank as chief financial officer, and ex-Sygnum executive Elaine Leong joins as chief operating officer.

Firms in the garment and pharmaceutical sectors are navigating severe turbulence in their businesses. The new government is trying to shore up FX reserves, bank balance sheets, keep inflation under control, and deal with flooding that hit over five million people in August.

There have been significant difficulties for supply chains reliant on garment factories, accessing USD, banks and the FX rate; however, a new administration could help bring a turnaround.

The People's Bank of China is stepping in to curb a rush into sovereign debt amid economic weakening, a rare move aimed at stabilising the financial markets.

Bank of America’s Venkat Eachur has shared with CT his views on inflation, supply chain shifts and digital disruption impacting treasurers in Asia, and how they can de-risk and capitalise on some strong domestic economies, amid an uncertain macro environment.

ADB’s Trade and Supply Chain Finance Program has supported around $57bn of trade in emerging markets since it was established in 2009.

The bank's regional co-heads Aditya Gahlaut and Ian Tandy shared their thoughts on inflationary pressures, upcoming elections and the sectors and platforms that provide businesses in Asia performance potential.