Hong Kong finally plays catch up with India and China by issuing virtual bank licences. For corporate treasuries, the presence of virtual competition is set to be a boon
China backs away from new e-commerce rules; China clarifies tax position for foreign bond holders; AML probe deepens on Japanese bank; RBA takes aim at bank profits; MAS grants first private securities platform licence
A platoon of personal shoppers are offering a new option for corporates looking to build their presence in China. But selling via so-called daigou raises several treasury challenges.
Taiwanese SMEs lost an estimated $6.6 billion in TRF (targeted redemption forwards) after the renminbi’s devaluation in 2015. The question now is who will pay back this money?
From today Chinese financial institutions no longer have to set aside 20 per cent of the value of dollar purchases. For treasurers, that means lower costs and an opportunity to hedge.
With increasing liberalisation, the Chinese financial market is seeing more cash investment options than ever, but Danone's Asia treasurer cautions of the need to be aware of regulatory U-turns that can sour a deal