Tag: imf

Exports and imports beat expectations in September, but trade uncertainty and weak domestic demand are causing concern; China's GDP grew 4.5% in Q3.

The internationalisation of the renminbi has always been a strong focus for Beijing, but a recent IMF report suggests it could be losing ground to other non-traditional reserve currencies.

Close to 60% of countries worldwide are exploring central bank digital currencies, with 11 already having deployed them, but the private sector also needs to step up, said IMF's managing director at Singapore Fintech Week.

The exorbitant cost of living and rent in Hong Kong are a bane for corporates and employees, says Gordon French, APAC head of global banking and markets for HSBC.

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.

Finance ministers and central bankers from the G20 group have promised to give each other a heads-up on actions that could trigger major devaluations of their currencies.

Myanmar’s new Banks and Financial Institutions Law contains a controversial deposit clause, but corporate treasurers need not worry, a former Ministry of Finance chief claims

The IMF could announce this week whether it wants to add renminbi to the special drawing rights basket of currencies. Some banks are betting that China has done enough.

China’s central bank has not given any indication it will widen the renminbi trading band, as the cabinet instructed last week, which has disappointed market participants.

China’s plan to increase the trading band in the renminbi bring more volatility to trading the currency, but also more opportunities to gain better prices.

Over 250 of the top corporate treasurers, finance teams, transaction bankers, and CFOs in Indonesia met for the 5th Annual Corporate Treasury & CFO Summit Indonesia, on January 27, in the Grand Hyatt in Jakarta.

The 5th Annual Corporate Treasury & CFO Summit Indonesia, attended by over 250 corporate treasurers, finance teams, transaction bankers, and CFOs in the Grand Hyatt in Jakarta.