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China has initiated steps to allow major Russian energy corporations to issue panda bonds in its domestic financial markets, marking the first such access since 2017, as reported by the FT.
The latest edition of SWIFT’s RMB Tracker, released this week and based on July’s data, confirms that the renminbi (RMB) held its position as the sixth-most active currency worldwide, accounting for 2.88% of payments by value.
Siemens AG, Commerzbank AG, and logistics provider Fr. Meyer’s Sohn (FMS) have completed a cross-border trade pilot using fully digital documentation between Germany and China. The transaction, executed in a controlled environment, reduced document processing time from approximately two weeks to under two hours.
Australian Prime Minister Anthony Albanese will travel to China later this week, as both governments signal interest in recalibrating trade ties and reviewing the China-Australia Free Trade Agreement (ChAFTA).
Singapore Court rejects US$19 million deceit claim over letter of credit in circular oil trade
