HSBC Hong Kong has joined China’s international payments system as a direct participant, giving the world’s biggest player in trade finance a key role in Beijing’s push to expand use of the renminbi.
The People's Bank of China (PBC), the central bank, will support qualified banks from different jurisdictions in participating in the Cross-Border Interbank Payment System (CIPS) for the Chinese ...
The bank’s Hong Kong unit is “formally joining” China’s Cross-Border Interbank Payment System, known as Cips, David Liao, co-chief executive of the bank’s business in the Chinese ...
HONG KONG, Oct 25 (Reuters) - HSBC's (HSBA.L), opens new tab Hong Kong unit has joined China's worldwide interbank renminbi payment system (CIPS) as a direct offshore participant, according to a ...
China has published baselines for a contested shoal in the South China Sea it had seized from the Philippines, a move that’s likely to increase tensions over overlapping territorial claims.
Finding the best VPN for China is a task faced by many due to the infamous restrictions imposed on foreign content. VPNs, virtual private networks, provide a safe, effective, and affordable way to ...
Your browser does not support the <audio> element. LAST MONTH, as tensions escalated between Iran and Israel, China helped organise a Chinese film festival in the ...