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StanChart teams with China for trade roadshow

10 March 2010

Standard Chartered Bank has teamed with Chinese officials for a trade delegation to promote renminbi trade settlement in Malaysia, Thailand and Singapore.

Read more: [renminbi trade settlement] [Malaysia] [Thailand and Singapore cross-border renminbi trade] [renminbi trade settlement Standard Chartered]

Standard Chartered Bank will form a delegation with officials from the Shanghai Municipal Office of Finance Service, People’s Bank of China (PBOC) and State Administration of Foreign Exchange (SAFE) Shanghai for a series of roadshows this month to promote the renminbi trade settlement programme.

The tour will host events in Malaysia, Thailand and Singapore and is the first time that officials from government and regulatory bodies in China are partnering with an international bank on a roadshow.

Aimed...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010