Hong Kong cracks down on fake trade invoices from China; PBoC/CBRC release bill financing rules; US adopts measures against tax evasion; PBoC permits broader access to interbank RMB bond market; FASB issues narrow-sco...
Against increased use of renminbi as a cross-border trade currency, Hong Kong Exchanges and Clearing is set to launch a number of RMB futures contracts to allow companies to hedge their exposures.
China suspends registry of all financial related companies; China to legislate credit law to crack down on defaults; CBRC asks banks to inspect bills of exchange; Taiwan ups ante on FX clearing; Japan FSA and CPAAOB ...
Bank Indonesia adopts new interest rate framework; Malaysia opens up to P2P lending for corporates; PBoC sets repatriation rules for interbank bond and FX markets; Safe may cut inbound foreign investment quota; New ...
The deal between the two payments systems could improve corporates' ability to manage renminbi, their relationships with suppliers, and lower the cost of renminbi transactions, market experts claim.
Chongqing launches RMB programme with Singapore; Swift and CIPS to cooperate on cross-border interbank payment system; Singapore drops RTC tax rate to 8%; India and Sri Lanka sign $700m currency swap deal; SGE and ...
The HKMA has said that it will continue to integrate its gross settlement system with China’s settlement system CIPS, which will streamline payments and give treasurers access to RMB. But obstacles remain, and no ...
HKMA to integrate RMB settlement system with CIPS* Australia and Japan sign currency swap deal* India futures market to deepen * China to build FTZ in Guangxi for trade relationship with Asean * China simplifies ...
China plans on rolling out more RMB convertibility programmes in FTZs * EU and the US agree on central counterparty clearing requirements * South Korea promises relief to firms in the KIC region * The Philippines ...