Tag: hsbc

The window left for negotiation remains key for the market to understand the impact of tariff policies, according to experts speaking at HSBC’s summit in Hong Kong this week; overnight the White House has announced 25% tariffs on cars from April 3 and car parts from May 3.

The bank's regional Apac co-head of trade finance has said he is leaving to take a break; Aditya Gahlaut, has started as regional head, Asia, global trade solutions, at HSBC; the bank has also made changes in its regional payment leadership team.

Intra-group cross-border transactions are netted monthly into Renminbi through netting settlement centres, across nine mainland entities. The solution, via HSBC, unlocks working capital, and is exposed to the valuation of the under pressure Rmb.

HSBC has become the latest bank to sign a $1bn risk-sharing facility with the International Finance Corporation, to help address a trade finance gap in emerging markets.

Jo Miyake to become head of banking, Asia and the Middle East, under its new Corporate and Institutional Banking unit, while Selim Kervanci will become CEO of the Middle East.

Two groundbreaking projects, Project Ensemble and Project Guardian, are setting the stage for digital asset innovation in Hong Kong and Singapore.

The fund has more than doubled in size over the last year; meanwhile, the bank is set to restructure from January 1, 2025 and has appointed Pam Kaur as its next group CFO.

The banking group's chief financial officer, who has experience in Asia, the Middle East and Europe, will start the group chief executive role in September.

Hung is moving from HSBC and will join the US bank in August.

Global Trade Solutions is the new name for the HSBC’s Global Trade and Receivables Finance business, and is part of a market in Apac expected to be worth $7.1 trillion in 2030.

Corporate finance teams, regulators, fintechs and banks, will need to work closely as tech such as blockchain and GenAI becomes more mainstream, according to experts at HSBC.

The bank's regional co-heads Aditya Gahlaut and Ian Tandy shared their thoughts on inflationary pressures, upcoming elections and the sectors and platforms that provide businesses in Asia performance potential.