Internationalising the RMB through cross-border trade settlement
by Chris Lewis, Head of Trade and Supply Chain, Greater China at HSBC
A critical factor for the success of the RMB cross-border trade settlement programme—and the key opportunity for banks—will be the pricing and availability of suitable bank products
The Middle East looks east
by Alia Moubayed, Barclays
The economies of Asia-Pacific and the Gulf Cooperation Council (GCC) have become increasingly interconnected. Trade between the two blocs almost tripled over the past five years, with Asian demand accounting for almost two-thirds of total GCC exports, while a third of GCC imports come from Asia.
The evolving character of the client
Among the many casualties in the current crisis is the light and friendly relationship between banks and corporate clients in the transaction banking world. Clients now don’t care about frills bankers were tacking on in the good old days when thin margins, big volumes and fierce competition was the norm. They now want their banks to help them [...]