*Safe lifts time restrictions on converting renminbi
*Malaysia and Australia combine for fintech
*Malaysia introduces new method for USD/MYR spot fixing
*FASB announces accounting rule update
Both China and Hong Kong are attempting to tackle businesses that have deliberately mis-invoiced goods traded across the border to sneak money offshore.
SAFE eases cross-border loan guarantee rules; HK court ignores China state secrecy laws; First loan under China-Korea currency swap transacted; Malaysia to roll out mobile e-payment platform.
KPMG partner Egidio Zarrella and JP Morgan’s Asia-Pacific head of sales for treasury services Margaret Yao give their tips on transfer pricing through centralised trading centres.
Hong Kong’s tax bureau appears to be taking a new strong stance on companies who use its shores for cheap trade financing. A recent ruling indicates that companies can be taxed even its key operations are based ...