The development of the offshore RMB (CNH) and the subsequent roll-out of USDCNH Futures contracts have been a game changer for non-Chinese companies doing business with suppliers based in mainland China. As a result, an increasing number of companies have already switched their payment currency from USD to RMB. For more information on this subject, read our thought piece.

In this podcast we interview Jack Wu Partner and Co-Founder of Acadia Advisory Group, a corporate services company, based in Shanghai and Alex Riteau, Portfolio Manager at SystematicEdge. We’ve asked Jack on the podcast to discuss the three misconceptions about making payments to suppliers in China that we hear consistently in the market. This is a very important topic for companies that are doing cross border business in China.

Alain Groshens CEO of SystematicEdge had a good conversation with Henry Kwong tax specialist at Cheng & Cheng and Edmond Lau from the The CFO Centre hosted by the Hong Kong General Chamber of Commerce (HKGCC) about risk mitigation and profit maximization for companies doing cross border business. Special thanks to Angela Lee Founder of Janeclare for moderating. Angela also has her own amazing story founding her skincare company (just sharing in case you want to check out her amazing Hong Kong based company and products!). Thank you to all that joined our webinar on 10 December. If you missed it please feel free to watch the recording. To do so please click on the button below.

In November, Pfizer, Moderna, and AstraZeneca confirmed the efficiency of their vaccines, to be rolled out in 2021. The announcements provided more clarity on the economic recovery. However, going forward, we expect the economic world to be different as humans adapt and change their habits. We believe “work from home” policies will become more prevalent in the corporate world, even after the COVID pandemic is behind us, while people are becoming more conscious about health in general. Moreover, we think the green wave and ESG trend in the investment world will accelerate. The Darwinian changes, triggered or accelerated by the COVID pandemic, will progressively be reflected in the financial markets, generating rotations across sectors, regions, and asset classes. Read more about the market in this month's Market Overview.

Read our latest case study on how we were able to help one manufacturing company based in Hong Kong, improve their profit margin and minimize costs associated with currency management.