|
|
|
|
|
|
|
|
|
31.07.26 - 10:30
|
China′s CIPS will become settlement norm in Mongolia within 2 years, Golomt Bank says (SCMP)
|
|
|
China's cross-border payment system is reshaping how Mongolian banks move money, with the country's second-largest lender predicting most major banks would join the network within two years as trade with its southern neighbour becomes increasingly settled in yuan.
Golomt Bank became one of Mongolia's first lenders to connect directly to the Cross-Border Interbank Payment System (CIPS), China's yuan settlement network launched by the People's Bank of China in 2015, with transactions beginning......
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17.06.26 - 06:00
|
Mongolian coal riding the rails towards a brighter future (SCMP)
|
|
|
In southeastern Mongolia, not far from the Khangi border checkpoint with China, a railway track ends just short of the fence, awaiting the day when a direct connection to the country's prosperous southern neighbour becomes a reality.
But if everything goes according to plan, that day could come this year, with the track in Mongolia's Dornogovi province linking to an extension on the other side of the border that will allow transshipment and seamless rail delivery to China's Mandal port in the......
|
|
|
|
|
|
|
|