Tag: china

The move by the global payment and treasury management firm follows the acquisition of Transfar Pay from the Transfar Group.

This idea behind the framework is to improve liquidity management and operational speed through six key policy areas.

Shanghai-based Lenny Chu started the role on August 11.

Payment Connect, which currently involves 12 financial institutions, links Hong Kong's FPS with China's IBPS, and went live on June 22.

Near-shoring, more suppliers and scoring systems are advised for Chinese retailers in reacting to tariff uncertainties.

The global pizza chain will sell 3.2% of its shares in DPC Dash through an accelerated bookbuild; it will keep a 3% stake.

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.

The current head of ANZ Papua New Guinea will be based in Shanghai and will report to Simon Ireland, ANZ’s managing director, international.

Zhang Wenjie will return to Citi as the bank’s country officer and banking head for China in July.

The weekend agreement to reduce tariffs to 10% in China and 30% in the US is good news for companies, markets, and the US dollar; however it excludes the de minimis clause.

The so-called ‘BRICS Bridge’ project may have stalled, but efforts to undermine the primacy of the US dollar as the world’s reserve currency have received a boost from an unlikely source; although any path to a true alternative will be long and difficult.

US president Donald Trump has ordered a 90-day pause on retaliatory tariffs above the 10% already imposed, except for Chinese goods, with tariffs now at 125% after China retaliated; the EU has also retaliated. Trump may have been fearful over the impact on the US bond market.