Small and medium-sized businesses are the bedrock of the Hong Kong economy, and their response to the challenges of the future will have a major impact on the fortunes of the Territory.
Hong Kong’s proximity to China is a key strategic factor for businesses, say local CFOs. However, as China’s economic growth falters, some are questioning how healthy it is to be so close to China.
Multiple banking relationships, cost, reliance on customised bank systems and work-around solutions all hinder real-time viewing of operational liquidity, recent research has found.
In exclusive partnership with East & Partners Asia, CT earmarks what treasurers care about in a trade bank. Clearly most prefer to use electronic-based trade documentation where possible.
As a group HSBC, Standard Chartered, and Citi are ceding ground in terms how much money their primary customers spend with them, research from East & Partners reveals. At the same time, treasurers in the region are more likely to move bank now than they were four years ago.
Ever wondered how treasurers pick their banker? CT discovers it’s not the quality of the suit they’re wearing that matters, but working for a very well-known bank.
Taiwanese treasurers expressed generally higher levels of treasury product satisfaction than their relative regional peers – notably with e-banking services – according to East & Partners research.
South Korean CFOs and treasurers expressed high levels of dissatisfaction with short-term debt services relative to their regional peers, according to East & Partners research.