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01.08.26 - 05:00
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China cuts durian settlement to 30 minutes with first outbound e-CNY payment to Malaysia (SCMP)
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China has completed its first outbound digital yuan payment to Malaysia, settling a 43,000 yuan (US$6,360) shipment of fresh durian, as Beijing accelerates efforts to build a cross-border clearing network in Southeast Asia outside the Society for Worldwide Interbank Financial Telecommunication (Swift) system.
The transaction, executed by China Construction Bank's (CCB) Xiamen branch in coordination with its Labuan branch in Malaysia, enabled a local importer to pay directly in e-CNY, China's......
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28.07.26 - 10:00
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Hong Kong′s Asean charm offensive bags US$1.5 billion Malaysian bond listing (SCMP)
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Hong Kong's push to draw Southeast Asian companies and markets into its financing orbit has scored a milestone, with the Malaysian government preparing to list a US$1.5 billion Islamic bond in the international financial centre later this week.
The dual listing – sold on Bursa Malaysia and Hong Kong Exchanges and Clearing (HKEX) – marks the first concrete result of a visit to Kuala Lumpur led by Secretary for Financial Services and the Treasury Christopher Hui Ching-yu last week.
The offering......
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