An open platform will be developed to enable real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements.
April 29, 2021The law will stipulate rules for futures trading, settlement and delivery systems, establish investor protection mechanisms, and include netting provisions.
April 28, 2021The Shanghai Financial Court is the second Chinese court allowed to handle disputes involving overseas securities and financial institutions.
April 28, 2021MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.
April 27, 2021The BOT found that DLT increases efficiency for B2B payments, despite limitations in supporting large transaction volumes and preserving transaction privacy.
March 12, 2021The guidelines apply to cross-border activities using domestic or foreign currencies, as well as domestic activities using foreign currencies.
February 7, 2021Customer reserve funds must be deposited either at the PBOC or with an eligible commercial bank, and transferred only through a clearing institution.
January 28, 2021Suspected criminal proceeds mostly came from Australia, Germany, Singapore, the UK and the US. The top destinations of suspected illicit funds were Hong Kong, Singapore and the US.
January 25, 2021Singapore’s money remittance sector poses the highest risk of being exploited for terrorism financing, followed by the banking sector.
January 12, 2021The PBOC and SAFE have adjusted the upper limits on overseas lending and borrowing by domestic enterprises, as the RMB trades at its highest levels since mid 2018.
January 8, 2021