A huge fraud case reported by China’s Bank of Tianjin under its bill financing business has cast a larger shadow over trade finance governance in the country.
The latest corporate Asian loan volumes and deal rankings in the region, provided by Dealogic as of Tuesday, September 16. The data is used as a guide of credit appetite amongst the region's lenders.
Despite company registrar filings that HSBC has released assets related to traders involved in Qingdao Port disputes, delays continue in trade finance.
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.
Apr 1, 2014
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China will likely free up deposit rates within two years, hopefully helping end the need for corporates to park cash with dodgy wealth management products, economists believe.
While corporates are not able to directly participate in China’s new negotiable certificates of deposit market, China regulatory experts contend the new market should raise renminbi deposit rates.
Royal Bank of Scotland wins cash mandate with IATA; Standard Chartered and Agricultural Bank of China start clearing in UK time; and China Citic Bank all set for e-Docs.