The UK banking sector is gearing up for the introduction of an industry-wide mobile payments service next spring, with eight major institutions committed to the launch.
HSBC China is the first foreign bank to obtain approval from the State Administration of Foreign Exchange (SAFE) to implement a foreign currency netting solution for the trade of goods in China; this has been obtained for a multinational Korean customer.
HSBC's Global Payments and Cash Management (PCM) business welcomes back Rani Gu to lead its Financial Institutions Group (FIG) team in China. Based in Shanghai, Rani will report locally to Kee Joo Wong, Head of PCM in China.
HSBC has confirmed that it will join the Royal Bank of Scotland in refunding customers who have forgotten to take their cash from ATMs.
HSBC and Intel are the first foreign bank and foreign company that have been approved to establish an automated, cross-border, sweeping structure in China.
HSBC Global Payments and Cash Management has been appointed to provide liquidity management services to CLSA Asia-Pacific Market's ("CLSA") operations across Asia.
Hong Kong branch, conducted their first ever renminbi (RMB) triparty repo using Euroclear Bank and the Hong Kong Monetary Authority (HKMA) as collateral management agents, respectively.
HSBC Global Payments and Cash Management today announced the launch of its new Automatic Reconciliation Solution specifically designed for Fast Moving Consumer Goods (FMCG) clients in Asia Pacific.
Centrify Corporation, the leading provider of security and compliance solutions that centrally control, secure and audit access to on-premise and cloud-based systems, mobile devices and applications, today announced that HSBC Bank UK is deploying the Centrify Suite to centrally secure system access to HSBC's distributed IT infrastructure.
An HSBC survey has revealed widespread confidence in the future of RMB as a major global trade and investment currency amongst mainland Chinese corporates.
© Finextra Research 2015