Mox, the fifth of Hong Kong’s virtual banks, launched last month, showing a solid initial response. But what’s the future for the others and what’s in it for corporate treasurers?
As Hong Kong’s protests stretch into their fourth month, at least two of the city’s new virtual banks have decided on a delayed soft launch of the financial product
Protests, riots and mayhem – it’s enough to give any treasurer indigestion. So is it time to move your treasury operations to Singapore, or should you wait out the storm?
A treasury recruiter spoke to CT about the demographic shifts in Asia’s biggest treasury hubs Singapore and Hong Kong – who’s in, who’s out and what recruiters are looking for
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
Hong Kong’s securities regulatory chief Carlson Tong Ka-shing may be on the way out, but he has signalled that cryptocurrencies have a future in the city even if there’s still a long road ahead for crypto compliance
The regulator says it’s getting serious about regulatory technology with plans to tackle issues ranging from money laundering to machine readable regulations.
A revolution in the way the public pays is being echoed in the corporate world. As the likes of BAML roll out innovation payment solutions for corporates, treasurers are weighing up the benefit.
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.