Payments & Settlements

Payments & Settlements

Singapore, London Lead RMB Adoption Outside HK, Says SWIFT

By Editors | 30/03/2015

Singapore and London are playing an increasingly important role in the adoption of the Chinese currency in global payments outside Hong Kong, said global transaction services organization SWIFT.

Payments & Settlements

China’s International Payment System May Launch by End-2015

By Editors | 11/03/2015

China is expected to launch in the second half this year its much-awaited international payment system that can process cross-border yuan transactions, removing one of the biggest hurdles in internationalizing the Chinese currency, Reuters reported.

Payments & Settlements

Japan, S. Korea to End Currency Swap Program

By Editors | 17/02/2015

Japan and South Korea have agreed to end their 14-year-old currency swap arrangement this month.

Structural Regulation

Singapore, UK Open Dialogue on Offshore RMB, Islamic Finance

By Editors | 02/02/2015

Singapore has opened discussions with the United Kingdom on deepening cooperation on financial regulatory reforms and market developments on offshore renminbi (RMB), infrastructure funding, Islamic finance, insurance, and asset management.

Structural Regulation

Indonesia Seeks Bilateral Financial Services Deal with China

By Editors | 21/01/2015

Indonesia’s Financial Services Authority, or OJK, is expected to sign a bilateral agreement with China’s financial authority within the first three months of the year to pave the way for Indonesian lenders to expand into China.

Structural Regulation

China Marks Launch of First Private, Online Bank

By Editors | 06/01/2015

China’s Internet holding company Tencent has launched China’s first private, internet-based bank as a result of a government regulation last year that effectively opened the state-controlled banking industry to private investors.

Cloud & Infrastructure

S. Korea’s Financial Chief to Bolster Financial Technology

By Editors | 30/12/2014

Financial Services Commission chairman Shin Je-yoon said he will remove hurdles to the fast-growing financial technology in a bid to boost South Korea’s long-sluggish financial industry.

Payments & Settlements

China, Thailand to Establish Yuan Clearinghouses

By Editors | 23/12/2014

China and Thailand agreed to establish yuan clearinghouses to boost commercial ties between the two nations.

Trading & Investment

India’s SEBI to Urge Cash-Rich Firms to Pay Dividends

By Editors | 28/11/2014

The Securities and Exchange Board of India said it plans to ask listed cash-rich companies to pay shareholder dividends, and adopt the practice as part of company policy.