Payments & Settlements

Payments & Settlements

Hong Kong to Lift Daily Limit on Yuan Conversion

By Editors | 13/11/2014

The Hong Kong Monetary Authority said it is removing the daily limit for converting the city’s currency to Chinese yuan when the landmark Shanghai-Hong Kong stock trade program is launched on Monday.

Payments & Settlements

Singapore Regulator Conducts Board-Level Inquiry on Nov 5 Breakdown

By Editors | 10/11/2014

The Singapore Exchange has launched a board-level inquiry to investigate the power outage on Wednesday that halted trading at the largest southeast Asian stock market for hours.

Payments & Settlements

S. Korea Central Bank Names 12 Banks for Yuan-Won Market

By Editors | 04/11/2014

South Korea’s central bank has designated 12 banks as market makers for direct yuan-won transactions, which open mid next month.

Payments & Settlements

Hong Kong, France to Cooperate in Offshore Renminbi Trade

By Editors | 29/10/2014

The Hong Kong Monetary Authority and Banque de France have signed an agreement to cooperate in enhancing the offshore renminbi business between the two jurisdictions.

Payments & Settlements

China Allows Direct Trading of Renminbi, Singapore Dollar

By Editors | 28/10/2014

China has allowed the direct trade between its currency and the Singapore dollar, helping to boost business ties between the two economies.

Trading & Investment

Asian Banks, Investors Request Notice on Cross-Border Stock Trade

By Editors | 23/10/2014

Regulatory concerns surrounding the Shanghai-Hong Kong stock connect including the issue of tax on share gains have compelled asset managers and banks to ask the city’s regulator for a month’s notice before implementing the cross-border stock scheme.

Payments & Settlements

Australia Eyes Real-time Pay Methods

By Editors | 23/10/2014

The Reserve Bank of Australia and the banking industry are looking to change the payment methods in the country to deliver real-time, accessible fund transfers to the community.

Clearing & Post-Trade

Asia Pacific Institutions Position Portfolio Ahead of Regulatory Changes

By Editors | 17/10/2014

Financial institutions in Asia Pacific are proactively reconciling their portfolios and managing their collateral disputes in view of impending regulatory changes in the region, said TriOptima, provider of OTC derivative post trade services.

Clearing & Post-Trade

Asia-Pacific Firms Unprepared for Europe’s Short Settlement Cycle

By Editors | 07/10/2014

Most Asia-Pacific companies which trade securities on European platforms were not prepared for a shorter settlement cycle that took effect in Europe on October 6, a study showed.