Obtain cash ahead of payment date by the importer while managing commercial and credit risk. Forfaiting makes your business more competitive as it allows you to offer longer credit terms to your buyers, without needing to wait for payment. Forfaiting works as an off-balance sheet financing solution that improves financial statements.
HSBC tops Asiamoney’s Offshore RMB Poll for the eighth year in a row
HSBC has been voted the best overall provider of offshore renminbi (RMB) products and services in Asiamoney’s Offshore RMB Poll 2019.
Despite the forecast for lower GDP growth, the Chinese Communist Party’s goals initially outlined for the 13th Five Year Plan seek to bolster infrastructure, improve operational costs and open consumer access for mid-market enterprises (MME).
Accessing the Chinese consumer involves understanding the unique platforms and drivers of purchases. Chinese consumption patterns are no longer dominated by spendthrift attitudes and mid-market enterprises (MMEs) that previously shrank from entering China directly should understand three key factors enabling and driving the consumer: mobility (through mobile devices and around the world), quality, and lifestyle upgrades.
Beyond Growth: The Benefits of Implementing a Working Capital 2.0 Strategy
In today's post financial crisis world, companies that adapt their working capital strategies to the new conditions of economic growth can benefit from more robust supply and distributor chains. Beyond this, however, there are also a number of additional benefits to adopting an updated strategy that can have enterprise wide implications.
The loss of key employees has an impact on any organisation, but the consequences can be particularly acute for small and mid-sized businesses. Apart from the costs of replacement, the disruption involved can also have a disproportionate operational impact. Fortunately, as Mark Hussain, Global Head of Commercial Insurance & Investments at HSBC explains, there are various incentives and benefits that can be used to maximise employee retention