This is one of the most consequential US elections in history, which has been mainly determined by what’s at stake in an ideological or geopolitical domain. But we at TFG… read more →

The annual Trade Register from the International Chamber of Commerce (ICC) in collaboration with Boston Consulting Group (BCG) and Global Credit Data (GCD) has been released, analysing the landscape for… read more →

China’s currency – the renminbi (RMB) – is finding new appeal among emerging market traders and global investors seeking alternative settlement options.

The sometimes-termed ‘Olympics of banking’ saw the biggest names in banking give speeches and panels over four days covering new developments in the industry, innovation, and emerging themes for the… read more →

For emerging capital markets, the journey from local origins to global success doesn’t usually follow a one-size-fits-all script. But there are lessons that can be learned and actions the global financial community can take to smooth the path.

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 →

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 →

According to recent data from the State Administration of Foreign Exchange, the renminbi’s use in China’s cross-border transactions has hit an all-time high. In July 2024, 53% of China’s inbound and outbound transactions were conducted using the renminbi, surpassing the US dollar in China’s international receipts.