Siemens, Alibaba, Huawei and ZTE are all in the second batch of SAFE’s pilot for cross-border FX cash sweeping, netting and centralised payments transactions, CT has learnt.
ICBC’s Singapore branch can now provide renminbi cross-border settlements. What factors will help Singapore to rival Hong Kong as a renminbi hub and what will it mean for the CNH? CT asks the experts
HSBC has launched a receivables reconciliation product for FMCG clients. The British bank is targeting pharma and insurance clients with a similar payments profile next.
Direct trading between the renminbi and the yen in China’s interbank market kicked off on June 1. We ask a series of experts what this development means for business and trade.