Tag: hong

Hay'Market"Hong Kong

Corporate'Treasurer"HK

The offshore renminbi interbank offered fixing rate is now in swing. Limited liquidity will impact the ability to produce hedging products on the back of it, at least for the short-term, experts note.

China publishes new draft IPO rules; South Korea in the hunt for tax evaders: Samsung Group executives targeted; Myanmar to launch its first FX market.

Australia mulls changes in audit rules; Singapore clamps down on cross-border tax evasion; China eases up back-to-back lending rules.

Two landmark OTC trades based on the offshore renminbi interbank lending benchmark were readied last week. However, lack of overall liquidity meant the one-year deals were based on three-month lending data.

A summary of recent regulatory developments both in Asia and globally. India to ease forward hedging rules; China and New Zealand in currency convertibility discussions; Hong Kong proposes payment system oversight changes.

The Hong Kong stock exchange has announced the hire of a new CFO, Paul Kennedy. He is the fourth to take up the position in less than three years.

The Hong Kong Monetary Authority (HKMA) and the Treasury Markets Association (TMA) both announced plans that could further open up the marketplace for offshore renminbi in Hong Kong.

Citi announces a new country head for transaction banking, Philippe Jaccard took the helm after the departure of Carmen Ling. Jaccard was previously the bank's head of liquidity and investments.

The Bank of England and the China's central bank will sign a three-year FX swap agreement. Will this increase the use of renminbi for trade in the UK and Europe and what more needs to be done? CT asks the experts.

Exchange and rates of renminbi inside Taiwan are expected to move in line with offshore CNH market rates in the near term. Will exchange and interest rate regimes in Taiwan converge with Hong Kong's? CT asks the experts.