TFG Weekly Trade Briefing, 4th November 2024

Bank of China on the renminbi’s internationalisation

China’s currency – the renminbi (RMB) – is finding new appeal among emerging market traders and global investors seeking alternative settlement options. TFG spoke to BOC’s Yuanmeng Xiong to learn more about the renminbi’s burgeoning internationalisation. Read more →

Correspondent banking relationships dwindle in the Pacific Islands

TFG spoke to the Trade and Supply Chain Finance Program (TSCFP) at the Asian Development Bank (ADB) , on how declining CBRs jeopardise these countries’ ability to conduct international trade and receive vital remittances. Read more →

2024 ICC Trade Register report positively upbeat despite global trade goods slowdown

The 2024 ICC Trade Register report reaffirms the low-risk nature of trade finance assets, despite a slowdown of global trade volumes in 2023. Read more →

The legacy of Bidenomics on global trade

During his term in office, Biden’s inward-looking investment policies have resulted in public rifts from European and Asian allies. In this, the Inflationary Reduction Act (IRA) particularly beset the US’s standing in global trade. Read more →

The crux of the trade finance interoperability challenge

By: Harri Rantanen - The rationale of the trade digitalisation business case has been finally approved, which has likewise improved the willingness to participate in the next steps. Read more →

2024 budget: A mixed blessing for the trade finance sector

On 30 October, Chancellor of the Exchequer Rt Hon Rachel Reeves announced the UK’s Autumn 2024 budget.This is the first budget by a female chancellor in history and the first by a Labour government in 14 years. Read more → ?

International financial institutions unite to facilitate SCF provision in emerging markets

The participating institutions have pledged to create a joint working group focused on leveraging resources for SME support in supply chains, to bridge substantial gaps in market access. Read more →

Citi announces end-to-end digital bill discounting solution

花旗 has announced the launch of the Citi Digital Bill (CDB), a new integrated digital bill discounting solution to speed up the monetisation of receivables. Read more →