Many Asian corporates, such as Tata International, are taking a leading global role in trade finance digitisation as they look to boost balance sheets and ensure continued access to credit.
Despite a tentative US, China deal, uncertainty around tariffs has increased demand for trade finance products from Asian corporates, as firms look to reroute supply chains, derisk and improve working capital.
Jennifer Barker, global head of treasury services and depositary receipts at BNY, recently discussed cross-border and instant payments, collaboration, Swift, AI, trade finance, and more, with CT.
Banks in the city can provide longer tenor trade finance services with higher volumes for both Chinese and international corporate clients, under a new HKMA arrangement; some firms have already secured liquidity.