Trade Finance

China and England agree to a reciprocal 3-year RMB currency swap arrangement

The arrangement will be used to finance direct investment between the UK and China.

Philippines reviewing new liquidity management tool

The Philippines is eyeing a tool is that provides deposit and lending facilities and ensure sufficient money supply.

Ex-Im Bank signs MOU with ICICI Bank

The $500m MOU will allow for cooperation on financing projects between India and US.

DBS appoints Vivek Batra as global head of sales for transaction banking

Batra replaces Ken Stratton who has decided to go into semi-retirement after 32 years in banking.

Hong Kong banks' system loans up 9.6% in 2012

Thanks to trade finance and China-related lending.

Consumers warned of risks over Chinese financial products

A senior Chinese banking regulator warned of risks in wealth-management products of Chinese banks.

Hong Kong banks' trade finance to grow 20% in 2013

It's also expected to be more China-biased.

Shinhan Bank raises $350-M through bonds

Shinhan Bank will have US350 million to refinance its debts and extend loans to smaller companies.

DBS Hong Kong launches first RMB Index for VVinning Enterprises

It tracks the actual usage of RMB among Hong Kong companies.

Renminbi clearing in Taiwan could begin this week

Central bank finalizing preparations for start of renminbi operations.