The service enables Chinese businesses to receive payments through local clearing systems– a cheaper option than setting up foreign accounts. The HSBC virtual account solution also enables Chinese businesses trading… read more →
Hong Kong’s role as a conduit for international investment into mainland China has reached new heights, with cross-border trading volumes hitting record levels in 2024. “Hong Kong is that rare… read more →
Speaking at the inaugural Global Logistics Forum in Riyadh, Transport Minister Saleh bin Nasser Al-Jasser revealed that £160 billion has already been deployed, yielding significant improvements in the country’s logistics… read more →
It’s hard to ignore the continued growth and influence coming out of Asia for trade. Asia’s trade growth continues to surge, with the Asian Development Bank (ADB) forecasting 5% growth in 2024, driven by strong domestic demand and recovering exports. Regional integration and modern trade agreements are enhancing resilience in key sectors like food and technology. Asia also benefits from rising demand for tech exports, particularly semiconductors, driven by AI. However, risks such as geopolitical tensions and protectionism remain.
Transactions between Europe and China using trade finance documents like Letters of Credit, Documentary Collections, or Open Account terms, which used to be paper-based and take as long as two… read more →
The assessment tool, unveiled on Thursday 17 October by the ICC’s Digital Standards Initiative (DSI) in partnership with Canada’s Digital Governance Council, aims to facilitate the adoption of Electronic Transferable… read more →
The International Investment Summit, held in London on Monday 14 October, saw Starmer pledge to industry leaders to remove regulation and red tape, to improve trade. Against the backdrop of… read more →
The transactions involved a sugar shipment from the Americas to the UK, utilising a digital bill of exchange (dBE) created on Enigio’s trace:original platform. Mercore initiated the process by creating… read more →
The company, which launched its first liquidity pool on Base in September, aims to address financing challenges faced by payment providers, particularly in emerging markets. Cross-border payment companies often grapple… read more →
Ratan Tata became the Tata Group’s chairman in 1991. In his 21-year tenure, the Tata Group saw profits multiply fifty-fold. He transformed the company from a mostly domestic Indian producer… read more →
