Trade Finance
BofAML appoints Es Venkat as head of Asia Pacific payments and receivables
Check out who the other appointees are in Asia Pacific.
BofAML appoints Es Venkat as head of Asia Pacific payments and receivables
Check out who the other appointees are in Asia Pacific.
China and England agree to a reciprocal 3-year RMB currency swap arrangement
The arrangement will be used to finance direct investment between the UK and China.
Philippines reviewing new liquidity management tool
The Philippines is eyeing a tool is that provides deposit and lending facilities and ensure sufficient money supply.
Ex-Im Bank signs MOU with ICICI Bank
The $500m MOU will allow for cooperation on financing projects between India and US.
Standard Chartered RMB globalisation index posted a new high in December
Thanks to a rebound in CNH deposits in Hong Kong.
DBS appoints Vivek Batra as global head of sales for transaction banking
Batra replaces Ken Stratton who has decided to go into semi-retirement after 32 years in banking.
Hong Kong banks' system loans up 9.6% in 2012
Thanks to trade finance and China-related lending.
Consumers warned of risks over Chinese financial products
A senior Chinese banking regulator warned of risks in wealth-management products of Chinese banks.
Hong Kong banks' trade finance to grow 20% in 2013
It's also expected to be more China-biased.
See how RMB payments in US depressingly slumped 38% in December
US slipped to 6th place in offshore RMB countries.
Standard Chartered appoints Margaret Harwood-Jones as global head for investors & intermediaries, sales
She will be based in Singapore.
Shinhan Bank raises $350-M through bonds
Shinhan Bank will have US350 million to refinance its debts and extend loans to smaller companies.
Standard Chartered RMB globalisation index rebounded in November
It hit a new high of 737.
DBS Hong Kong launches first RMB Index for VVinning Enterprises
It tracks the actual usage of RMB among Hong Kong companies.
Renminbi clearing in Taiwan could begin this week
Central bank finalizing preparations for start of renminbi operations.
StanChart and Shell China gets a go-ahead for a cross-border sweeping structure
Shell China can now use surplus cash for business needs.
More than 5% of Asian clients want to change bank in the next 6 months
And 25% is likely to do the same.