All posts tagged "Bank of China"
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1.6KAsia-PacificData, Technology Crucial for New Normal, LIBOR Transition
The LIBOR transition opens the door to a fundamental rethink of the use of data and technology, and how firms provide products and services to customers, says Bloomberg's Bing Li.
September 15, 2020 -
1.2KChinaChina: Two More State-Banks Join Digital Yuan Testing
Postal Savings Bank of China and China Citic Bank will join four other state banks in conducting initial tests and creating services for the digital currency.
September 3, 2020 -
888KoreaEximbank Issues South Korea’s First SOFR-linked Bonds
State lender Eximbank is the first financial institution in South Korea and the third in Asia to issue SOFR-linked bonds.
August 21, 2020 -
1.1KChinaUPDATED – China to Include Beijing, Hong Kong in Digital Yuan Pilot
The move to expand the digital yuan pilot to major cities including Shanghai, Beijing, Guangzhou and Hong Kong brings coverage to a potential user base of around 400 million.
August 16, 2020 -
460FeatureMAS Official Warns of Financial Sector Job Losses in H2
Supporting the local workforce in the financial sector during the crisis is a priority for MAS, according to deputy managing director Jacqueline Loh.
August 13, 2020 -
1.3KChina
PBOC Clearing Arm to Adopt Blockchain for Letters of Credit
The China National Clearing Center has signed an agreement with three major banks to use their blockchain forfaiting platform to enhance its letter of credit system.
August 12, 2020 -
1.5KChina
China Moves Closer to Launching Sovereign Digital Currency
PBOC has formed a new subsidiary to streamline efforts to launch a central bank digital currency, which is now being tested at four state-run banks.
August 7, 2020 -
837AML / KYCChina Should Reduce SWIFT Use in Case of US Sanctions – Report
China should prepare for potential US sanctions by increasing the use of CIPS for cross-border transactions, and by developing legislation similar to the EU’s blocking statute.
July 30, 2020 -
1.0KAML / KYCChinese Banks Plan for Possible US Sanctions – Report
Bank of China and ICBC are reportedly preparing for worst-case possibilities that they could be cut off from US dollars or lose access to US dollar settlements.
July 10, 2020 -
454Hong KongHKMA, SFC Publish Final List of FSPs Under Clearing Obligation
The HKMA and SFC will remove one entity that no longer conducts OTC derivatives business as its institutional services are now being provided by BofA Securities Inc, a new FSP.
June 25, 2020
