| No. 2, 2013 |
International TradeBanking on New Trade CorridorsGiven global trade expansion combined with a rise in electronic transactions, getting the right services from a bank is crucial. With the increase in trade between Asia, the Middle East and Africa, corporates often find themselves in unfamiliar territory. [more] Foreign ExchangeRenminbi: From a Local Currency to a Currencyfor Cross-Border Trade and Investments Over the past few months, the internationalisation of the renminbi has accelerated following initiatives by the People's Bank of China to create multiple offshore clearing centres as well as to progressively liberalise cross-border capital flows. The renminbi is gradually becoming the currency of choice among European multinationals and small and medium enterprises for payments with China. [more] Country SpotlightSingapore – A Potential Hub for Offshore Renminbi ClearingRelentless demand for commodities — such as palm oil, rubber and other agricultural products — is likely to prove a major factor in the emergence of Singapore as a potential renminbi hub for the ASEAN-China trade corridor. [more] Banking NewsDeutsche Bank Opens Branch in Qingdao, ChinaThe new branch is the bank's sixth in China, complementing others in Beijing, Shanghai, Guangzhou, Tianjin and Chongqing. It offers a full range of cash management, trade finance and loan services, catering to the needs of corporate and financial institution clients. [more] |
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