As a Hong Kong's regulator slaps a HK$5 million fine on a bank that breached money laundering regulations, CT looks at the work being done behind the scenes to improve KYC technology.
The IMF has endorsed the renminbi as a freely usable currency, recognising China’s increased importance in the global financial market. The renminbi’s journey to attaining this status was never straightforward.
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