Treasury

Corporate treasurers and chief financial officers are increasingly using the service, although it is still more popular in Europe.

The move is part of the group's strategy to oversee corporate treasury, retail business and international expansion; its chain Urban Revivo has also opened a store in TST.

The merged businesses, to be called SILQ Group, help support SMEs through funding and their supply chain; the merger is backed by a $110m funding round from Valar Ventures and Saudi Arabia's Public Investment Fund.

HK's financial secretary is injecting HK$1.5bn into a scheme that helps Hong Kong businesses expand into mainland China, as Paul Chan predicts 2% to 3% GDP growth this year.

The global fintech firm, which is bringing payments on-chain, has recently closed a $10m funding round as it looks to reduce remittance costs in Asia.

DB’s financial system will be connected to Yonyou’s ERP platform and TMS, which serves a group of state-backed enterprises in China. The first roll-out is expected in Q1, according to a DB spokesperson.

As the financial world changes rapidly, so too is the nature of risk that market participants must tackle.

Supply chain shift continues ahead of Donald Trump’s inauguration on January 20, according to a recent survey.

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

Hong Kong eyes full alignment with the sustainability rules by 2028; despite progress in core disclosure, advanced metrics, such as climate risks, are a long way from their targets in Asia.

Alibaba’s Joe Tsai has acknowledged a supply chain shift out of China, saying that in the short term, the country’s exports might be hurt.

When it comes to supply chains, making sure you have a Plan B or "plus one" is becoming essential, particularly in the light of an incoming new US administration and the threat of tariffs.