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?
Where does Libor live in a bank? Why are banks in Asia not looking at Libor transition seriously? Which bank is racing ahead? It’s been an interesting couple of weeks for Libor transition watchers.
Beneficial ownership, it seems, is in the eye of the beholder. With jurisdictions making their own rules, they're set to become as complex as sanctions, a banker argues
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.
Notional cash pooling avoids the physical transfer of foreign exchange, reducing FX risk. The US tech manufacturer's Yvione Zhou explains how it works in Asia.
From today Chinese financial institutions no longer have to set aside 20 per cent of the value of dollar purchases. For treasurers, that means lower costs and an opportunity to hedge.
From a small Hong Kong office, a state-owned giant manages billions that bankroll global energy projects. Now, it's looking at taking its cash-pooling solutions global.
As the virtual currency's value explodes, one expert sees a day where it becomes a vital part of the treasury arsenal ... or even replaces the corporate treasurer entirely.
The central bank is now making it easier for renminbi to be remitted, but conditions still apply. Treasurers in China are, however, holding fire until more information is available, CT understands.