Treasury/Cash Management - All Articles

  • CIPS is fundamental to RMB internationalisation, says Deutsche’s Sehr

    China’s newly launched Cross-border Interbank Payment System (CIPS) is fundamental to the internationalisation of the renminbi as it centralises liquidity and will save costs, says Marcus Sehr, global head of institutional cash, global transaction banking at Deutsche Bank.

    • 30 Oct 2015
  • RMB falls back to number five for payments but growth remains positive

    The renminbi fell back one place to be the fifth most used currency for international payments by value, Swift said in its October 29 report.

    • 29 Oct 2015
  • SEB shifts to sweep up Scandi RMB business

    Nordic companies are showing a strong willingness to adopt the renminbi for payments which is a creating an opportunity for Sweden’s SEB Paula da Silva, head of transaction services at SEB, told GlobalRMB at the recent Sibos conference held in Singapore.

    • 28 Oct 2015
  • Corporates hopping on FTZ train despite RMB scare

    The surprise devaluation of the RMB in August surprised the markets, but banks are still seeing growing interest in the Shanghai pilot free trade zone (FTZ) as a treasury hub that can help manage local and regional liquidity needs. And the Chinese authorities have just pledged more liberalisation in the future.

    • 28 Oct 2015
  • The time of RMB is now, says Deutsche’s Robins

    GlobalRMB spoke to senior transaction banking executives throughout the Sibos 2015 conference held in Singapore last week. A common theme emerged: the RMB is presenting massive opportunities for banks nimble enough to follow China along its path to liberalisation. In this first piece, Lisa Robins, head of global transaction banking at Deutsche Bank, told GlobalRMB how much China's transformation has surpassed expectations so far.

    • 20 Oct 2015
  • Sibos: Treasurers fear for the future

    Faced with an onslaught of new regulations, changing growth prospects in the region, and increasingly diversified service offering by non-banking players, the landscape for corporate treasurers in Asia is as challenging as it gets, according to panellists on the Sibos Corporate Forum.

    • 14 Oct 2015
  • Sibos: RMB entry to SDR will smooth China capital account opening, say experts

    The global financial crisis has accelerated the transition to a multipolar and multi-currency system, with the RMB being one if its new components, according to former Bank of Pakistan governor Yaseen Anwar, now a consultant for ICBC.

    • 14 Oct 2015
  • Sibos: CMB signs MoU with Deutsche for Belt and Road expansion

    China Merchants Bank (CMB) and Deutsche Bank signed a memorandum of understanding (MOU) on global banking services on October 12. The agreement aims to facilitate CMB’s expansion under the Belt and Road initiative by leveraging Deutsche worldwide network and global infrastructure, Tang Zhi Hong, executive vice president of China Merchants Bank, told GlobalRMB.

    • 14 Oct 2015
  • Sibos: Tough climb for market linkages

    The successful launch of the Shanghai-Hong Kong Stock Connect last year is spurring the development of new trading links in Asia. But several obstacles stand in the path of more stock market linkages, according Carol Hsu, Professor in the Department of Information Management, National Taiwan University.

    • 13 Oct 2015
  • Sibos: CIPS enhances China’s connectivity with the global financial system - StanChart

    China’s newly launched Cross-border Interbank Payment System (CIPS) is set to enhance China’s connectivity with the global financial system by providing a highly efficient platform for cross-border RMB settlement with extended operating hours and bilingual processing capability, says Michael Vrontamitis, head of trade, product management at Standard Chartered.

    • 13 Oct 2015
  • Sibos: More Swift-China synergies to come

    Volatility in renminbi has driven an increase in transactions in the currency, Swift spokespersons told a media briefing at Sibos 2015 in Singapore.

    • 13 Oct 2015
  • Sibos day 1: DBS on the Asian century, BGC talks market disruptors

    GlobalRMB is reporting from Sibos 2015 in Singapore this week. Here we round up the best from day one of the conference including DBS CEO Piyush Gupta and Boston Consulting Group. Keep checking throughout the day for new updates.

    • 12 Oct 2015
  • Shanghai FTZ turns two as more reforms trickle in

    The Shanghai pilot free trade zone (FTZ) turned two years old at the end of September. In the same month a number of new reforms and milestones were announced, showing the first FTZ still has traction as a business centre for local and foreign businesses in China.

    • 09 Oct 2015
  • China launches CIPS with globe-trekking transactions from members

    China gave a clear signal of its ambitions for the long awaited Cross-Border Interbank Payment System by launching it with a series of debut transactions by China and international banks in at least three different continents. CIPS, which was up and running on October 8, is expected to play a key role in the next stage of RMB internationalisation.

    • 08 Oct 2015
  • RMB beats yen to fourth most used payment currency

    The renminbi became the fourth most used currency for payments in August, overtaking the yen with a share of 2.79% of global payments, beating the Japanese currency by a small margin of 0.03%, Swift said in an October 6 report.

    • 06 Oct 2015
  • Cross-border cash pooling rules eased across China

    People’s Bank of China (PBoC) has lifted the threshold for multinational corporations (MNCs) to use the cross-border cash pooling scheme across China. The scheme had originally been introduced in the Shanghai pilot free trade zone (FTZ) in early 2014.

    • 05 Oct 2015