Renminbi cross-border payment system goes live
by Kylene Casanova
China today launched its cross-border renminbi payments systems, the Cross-Border Interbank Payment System (CIPS).
Cash & Liquidity Mngm in Asia-Pacific
Background
There are some 40 countries in the Asia-Pacific region ranging from some of the poorest to rich countries like Japan and New Zealand. There is also a major difference between the countries' cash…
Read moreYuan pips yen to become fourth global payments currency
by Kylene Casanova
The Chinese renminbi has become the fourth most-used payments currency, as of August 2015, according to the Society for Worldwide Interbank Financial Telecommunications (Swift).
R5FX goes live with Latam FX trading
by Kylene Casanova
R5FX leading the market evolution from voice to screen in EM currency trading
China announces negative list for reform of foreign investment in business
by Kylene Casanova
The Chinese government has announced a negative list, currently in a pilot phase, of sectors and businesses that are off-limits to foreign investors.
South Africa’s Renminbi payments up by a third
by Kylene Casanova
Renminbi is now the currency of choice for three in 10 payments between South Africa and Greater China, according to Swift's RMB Tracker
Transactions in Indonesia must now be in rupiah
by Kylene Casanova
Bank Indonesia has announced the mandatory use of rupiah for transactions within Indonesia, as of 1 July.
More risk and credit analysis needed as China makes financial reforms
by Kylene Casanova
Interest rate liberalisation, seen as the next step in China’s financial reforms, is imminent, according to a white paper by J.P. Morgan Asset Management.
RMB payments supported by growing number of banks
by Kylene Casanova
The rise in RMB payments is supported by a growing number of banks, according to Swift.
SAFE reforms settlement of FX capital for foreign companies
by Kylene Casanova
China reforms the administrative approach to settlement of foreign exchange (FX) capital by foreign-invested enterprises (FIEs).
Managing treasury targets with Cashflow-at-Risk
by Kylene Casanova
Using cashflow- and target-at-risk modelling to add structure to the risk management process. By Alankar Karol, Visual Risk
Hong Kong sets out tax-friendly proposals to entice regional treasury centres
by Kylene Casanova
Hong Kong's financial authorities have published a paper detailing how corporate tax reductions should be introduced for corporate treasury centres.
HSBC predictions for how RMB use will evolve over next 12 months
by Kylene Casanova
Import/export trading will be the most common driver for RMB transactions, but outside of Asia-Pacific slight weakening of demand which is unlikely to improve for some time
RMB is #1 in Asia Pacific for payments with Greater China
by Kylene Casanova
According to Swift's RMB Tracker, the renminbi has overtaken four other currencies to become the most-actively used currency in Asia for payments with China and Hong Kong.
Citi pioneers Global RMB Netting Solution with Samsung Electronics
by Kylene Casanova
Offers significant opportunities for liquidity and working capital optimization to multinational companies
SAFE simplifies FX rules for investors in China
by Kylene Casanova
China's State Administration of Foreign Exchange (SAFE) has issued a circular, which will come into force on 1 June 2015, simplifying its regulations of FX administration for direct investment.
Benefits of IFRS adoption in Japan apply globally
by Kylene Casanova
A press release about the voluntary adoption of International Financial Reporting Standards (IFRS) by companies in Japan has wider significance for all companies, wherever they operate.
RBC completes first cross-border payment on Canada’s new Renminbi Trading Hub
by Kylene Casanova
Other developments: CCB taps Euroclear for first RMB listing; CIPS international payment system should cut level of payment rejections; Freescale netting and automated USD sweeps from Tianjin, China to HK
Bolero scores industry first with ePresentation into India
by Kylene Casanova
World’s first electronic presentation of documents into India which has been sent over the Bolero network, paves way for other major international banks and corporates
ANZ builds RMB capabilities in Shanghai and Hong Kong as RMB falls to 7th position
by Kylene Casanova
Internationalisation of RMB continues but volatility appears. SWIFT's Tracker shows in February overall RMB fell to 7th position as offshore countries, excluding Hong Kong, now represent 25% of RMB pa
RMB progresses: Canada launches RMB hub; first offshore funding of Chinese co.
by Kylene Casanova
Canada aims to boost trade with China through their HUB, and internationalisation of the RMB continues as it is now possible to use offshore RMB funding
Optimising cash management in Asia-Pacific: case study & HSBC sweeping service
by Kylene Casanova
Laird show how to carryout effective cash management in Asia-Pacific and HSBC installs automated two-way cross-border RMB sweeping to make optimising cash management even easier
How to protect your global cash management solutions by becoming BANK AGNOSTIC
by Kylene Casanova
Global banking ideal is dead. Use these strategies to survive: technology to ensure can switch quickly, reliable alternative banks, go direct to the clearings, etc. But remember banks need TLC too
Cashfac Operational Cash Asia-Pacific Index shows 35% have real-time cash view
by Kylene Casanova
Multiple banking cost, reliance on customised bank systems and work-arounds all hinder real-time view of operational liquidity as only 35% of corporates have real-time visibility of cash
Standard Chartered RMB Globalisation Index Up 2.3% in Jan, fastest in 8 months
by Kylene Casanova
Expect near-term USD/CNY upside risk; band widening unlikely until at least H2-2015