North Asia & China

Kexim expands financing to shipbuilding sector

Wed, 22 May 2013 11:34:12 GMT

Kexim is to provide additional financial support to the Korean shipping industry following a decline in orders and European bank lending.

US Ex-Im approves Oyu Tolgoi direct loan

Thu, 16 May 2013 22:28:41 GMT

US Ex-Im has approved $500 million to finance US exports for use in the Oyu Tolgoi mine in Mongolia as the project moves towards financial close.

ADB: Healthy bond market needed for infra projects

Thu, 09 May 2013 14:30:16 GMT

The Asian Development Bank sees a healthy Asian bond market as key to funding the region’s infrastructure needs.

Coface creates Global Solutions team in Asia Pacific

Tue, 07 May 2013 19:49:34 GMT

Coface has created Coface Global Solutions to better meet the needs of multinational clients.

Nexi and Exiar sign MoC

Tue, 07 May 2013 16:33:19 GMT

Japan’s Nippon Export and Investment Insurance and Russia’s export credit agency Exiar have signed a memorandum of cooperation.

Citi China launches multi-currency pooling with RMB capability

Mon, 06 May 2013 22:30:14 GMT

Citi is the first bank in China to launch multi-currency notional pooling with RMB capability.

Asia Pacific risk: Overdue payments increase

Fri, 03 May 2013 00:00:00 GMT

A survey of corporate credit risk management in Asia-Pacific region conducted by Coface reveals that corporate payment experience in the region generally worsened in 2012. Companies in the region are less optimistic about recovery of global economy in 2013.

AfDB and People’s Bank of China agree cooperation

Thu, 02 May 2013 17:42:59 GMT

The African Development Bank and the People’s Bank of China have established a cooperation agreement.

New ADB president opens annual meeting

Thu, 02 May 2013 00:00:00 GMT

The Asian Development Bank has appointed a new president, who takes up the role as the organisation’s 46th Annual Meeting kicks off.

Mizuho breaks new ground with Bolero solution

Wed, 01 May 2013 16:37:48 GMT

Mizuho Corporate Bank has become the first Japanese bank to finalise a deal without the use of paper documents through Bolero’s multi-bank trade finance solution.

HSBC makes global trade and receivables appointments

Tue, 30 Apr 2013 16:17:30 GMT

HSBC has made three new appointments to its global trade and receivables executive committee.

VEB, RDIF, and JBIC create joint platform

Mon, 29 Apr 2013 21:20:36 GMT

VEB, RDIF and the Japan Bank for International Cooperation have come together to create a joint Russian-Japanese Investment Platform.

BofAML partners for China cash management

Mon, 29 Apr 2013 00:00:00 GMT

Bank of America Merrill Lynch and China UnionPay launch cash management alliance.

Ecom Agroindustrial Asia signs revolver

Mon, 29 Apr 2013 00:00:00 GMT

Ecom Agroindustrial Asia, the cotton, coffee and cocoa merchandiser, has signed a revolving credit facility with a syndicate of 19 banks.

Swift: France leads Eurozone in RMB

Thu, 25 Apr 2013 00:00:00 GMT

France leads Euro countries in Chinese RMB payments with a 249% increase.

ADB reports on 2012 assistance

Tue, 23 Apr 2013 00:00:00 GMT

The Asian Development Bank approved $21.57 billion in financing operations in 2012 according to its annual report, released ahead of the bank’s 46th annual meeting of the board of governors.

Citi unveils interactive trade finance solution

Wed, 17 Apr 2013 15:41:58 GMT

Citi’s new trade finance interactive solution set to boost operational efficiency and business agility for corporates.

JBIC provides credit line to Garanti Bank

Fri, 12 Apr 2013 13:47:48 GMT

The Japan Bank for International Cooperation has extended an export credit line to Turkey’s Garanti Bank.

Japanese banks finance aircraft lessor acquisition

Thu, 11 Apr 2013 20:35:51 GMT

JBIC and BTMU have teamed up to finance a portion of Mitsubishi UFJ Lease & Finance’s acquisition of Jackson Square Aviation.

StanChart issues RMB bond for China trade

Thu, 11 Apr 2013 00:00:00 GMT

Standard Chartered has issued a renminbi-denominated bond to support micro and small-sized enterprises in China.