With Bank of China as the first institution signed up, the pilot programme aims to facilitate the onboarding process for corporates trading with Chinese firms.
During a panel discussion on the macro landscape, leaders from Capital, Fidelity, Invesco and BlackRock shared their views on a higher-for-longer interest rate environment, growing geopolitical tensions and China’s role in the global economy.
Visa-owned Currencycloud is working to expand its client base in China. In a discussion with CT, Rohit Narang, leader of the firm’s Cross-Border Solutions, highlighted the markets’ significant growth potential.
Singapore-headquartered DBS has announced the launch of a new solution that allows merchants in China to collect payments in e-CNY, China’s widespread CBDC.