Trade Finance

BofA hires Citi’s Yoojin Park to lead Korea GPS and corporate sales

Park has 18 years of experience working in the corporate banking sector.
4 days ago

HSBC rolls out HSBCnio to unify clients’ transaction banking access

Clients can connect their internal systems directly to HSBCnio.
4 days ago

Citi clinches approval to set up securities company in China

It will offer equities brokerage, securities underwriting, and trading services.
5 days ago

India draws foreign banks as China expansion remains costly

Setting up a Chinese unit requires $149m in capital, versus $53m in India.

Krungthai Bank unveils PromptFund for 24/7 real-time mutual fund trading

Investors will be able to view real-time trading prices before transactions.

OCBC and Ant International launch tokenised deposit treasury solution

Ant International will use OCBC’s blockchain capabilities in its WhaleRTP platform.

Citi partners HDBank to boost Vietnam trade finance

They plan to share insights and organise training programs and workshops.

Hong Kong’s banks to gain from city's first five-year plan: S&P

Areas of focus include offshore RMB, and asset and wealth management.

HSBC joins China's nationwide cross-border cash pooling programme

HSBC China has established over 260 cash pools for multinationals to date.

Citi names BofA veteran Sophia Wang as head of China FI sales & SRM

Wang is tasked with leading Citi’s institutional sales coverage in the region.

Citi installs regional trade heads amidst supply chain realignments

Geopolitical tensions and supply chain realignment are reshaping trade patterns, Citi said.

Citi processes live Swift blockchain transactions with OCBC and FAB

Citi expects to conduct similar transactions with DBS and UOB later in September.

Japan banks turn to stablecoins to retain deposits

Megabanks plan joint digital-currency transactions by March 2027.

Is China building an alternative monetary system for the RMB?

China is skipping the dollar playbook in its push to make the renminbi an international currency.

China names Deutsche Bank as RMB clearing bank for Europe

The bank is the first foreign bank in Europe to receive the designation, it said.

Why new trade routes will benefit Islamic finance

Islamic finance can help financial institutions strengthen their trade, treasury, payments, and settlement flows.