Category: China
Estimated reading time: 3 minutes In the first quarter of this year, Korea’s exports to the United States exceeded those to China for the first time since the second quarter of 2003. Korea’s exports to the U.S. are anticipated to continue their strong performance, supported by foreign direct investment (FDI) in key manufacturing sectors, including […]
Hong Kong is cementing its position as Asia’s premier financial gateway, capitalising on China’s recent market stimulus measures and a decade of building cross-border investment channels.
Announced at Sibos 2024 in Beijing, HSBC has launched a cross-border e-commerce virtual accounts solution for banks, to simplify the process for merchant businesses to receive EUR and GBP payments via their local bank accounts.
Official data from Monday, January 13, showed that China’s trade surplus with the rest of the world surged to an unprecedented $992 billion in 2024.
At the start of this week, Asian currencies have shown strength brought about by rising foreign reserves and financial derivatives.
