ExxonMobil with BAML and China CITIC has driven the use of electronic bill of lading (eBL) in Asia with its shipment from Singapore to China via the essDOCS online platform.
Dover Corporation and Roche China are ready to take advantage of currency liberalisation from the Shanghai Free Trade Zone (FTZ) through two-way renminbi sweeping.
Siemens, Alibaba, Huawei and ZTE are all in the second batch of SAFE’s pilot for cross-border FX cash sweeping, netting and centralised payments transactions, CT has learnt.
RBS and Bank of China announced their first commodity transaction using the Bolero electronic trade finance platform, following deals executed by Japan’s Mizuho Bank in March and China CITIC Bank last November.
Many of China’s small exporters denied hedging tools have warmed to the new FX hedging offering from Alibaba’s subsidiary Shenzhen OneTouch Business Services.