China relaxes rules on corporate bank accounts; China’s has a top year for market fines; China mulls new credit rating rules; China brings in new e-commerce rules
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
HSBC and BNP Paribas are behind a blockchain-enabled letter of credit for a bulk shipment of iron ore between Australia and China, cutting a two-day process down to two hours
Treasurers tell CT what a return to the reserve requirement on forward trading – which puts the brakes on renminbi-US dollar forwards – will mean for their operations.
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?