Michelle Xu, greater China head of risk management solutions at Deutsche Bank, discusses the impact of the Fed’s rate cut decision on Chinese exporters.
India’s central bank wants to stop long-term export advances being issued for struggling Indian firms to repay rupee loans. However, the guidelines appear riddled with holes.
China’s capital account creaks open further in the Shanghai FTZ; India warns of dodgy export advanced payments; Singapore outlines securities-based crowd funding strategy
Data from East & Partners shows a 13.2% drop in export loans in Australia in the period from 2012 through 2014 and is said to pose a challenge for Australian banks.
China September trade data exceeded market expectations with solid export growth of 9.9% year-on-year and import growth of 2.4% year-on-year. Fears of a hard landing are ebbing.
Taiwan’s central bank has agreed with its counterpart in China to create renminbi clearing in Taiwan. Trade settlements could shoot up to $12 billion by the end of the year as a result.