RBS offers corporate multi-bank platform across China

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The Royal Bank of Scotland has launched a new service that lets corporates manage up to 18 local Chinese bank accounts through a single global electronic banking platform.

State Bank of India centralises China reporting

State Bank of India will use Wolters Kluwer to centralise its trade reporting in Tianjin, China

State Bank of India has chosen tools for its new Chinese branch in the northeastern port city of Tianjin from Wolters Kluwer, which it says will help the bank deal with China’s regulatory reporting requirements.

London calling to the Chinese renminbi

The Chinese renminbi (pictured) is fast becoming an international currency

Standard Chartered and Agricultural Bank of China have launched renminbi-denominated clearing services in the UK in a deal that reflects the ongoing internationalisation of the currency.

Standard Chartered Hong Kong rolls out digital branch

Standard Chartered digital branch

Standard Chartered Hong Kong has opened its first ‘digital’ branch, in which customers are greeted by giant screen TVs, the bank’s mobile apps in a special experience zone, and QR code scanning on an iWall, as well as e-signature pads and virtual queuing.

Citi launches NFC mobile wallet collaboration with 3 Hong Kong

The 3 Citi Wallet is available in Hong Kong

Citibank and mobile operator 3 Hong Kong have co-launched an NFC mobile wallet in the form of a sticker for iPhone and mobile app for Android.

China Financial Futures Exchange inks MOU with Nasdaq OMX

Shenfeng: mutual cooperation with Nasdaq OMX is in the Chinese exchange's interests

China Financial Futures Exchange has signed a deal with Nasdaq OMX to strengthen cooperation and promote mutual development, in a move that will likely see Nasdaq technology expand into China.

Looking to China’s Skipped Generation

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China’s miraculous economic catch up since reform and opening up has created an unprecedented generation of consumers. The way this generation has adopted the on-line world in China is very different from that in the West.

HSBC rolls out mainland China corporate cash management solutions


HSBC Bank China has completed its first electronic tax payment for a corporate client in Shanghai, in a move that the bank says is the first among all foreign banks I the city. The new tax payment service deducts funds in real time and enables customers to complete tax reports and process payments on the government’s tax system terminal from any location.

WorldPay’s world of payments shows huge diversity

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Adoption of alternative payment mechanisms is growing more rapidly in developing economies as they leapfrog the legacy infrastructures deployed elsewhere.

The challenges of paying Asia faster

Greg Murray is head of US dollar wire and clearing products, Global Transaction Services, Bank of America Merrill Lynch

Slowly but steadily, financial institutions and their corporate clients are beginning to talk about growth again. Markets are gradually shifting from a purely defensive position; the Fed has spoken about tapering its quantitative easing programme; and many companies are putting expansion back on the agenda in response, writes Greg Murray.