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Industrial Bank is one of the Chinese banks working to ensure the world post-Covid-19 looks as green as can be, through a diversity of green finance products designed to support investment.

In the latest series of Treasury and Turbulence, Euromoney will examine where Sustainable Finance in the supply chain holds up, and where it falls down.

As the payments landscape changes due to changes in regulation, technology and client behaviour, the treasury function is also undergoing a major shift. While every change presents its share of threats and opportunities, certain points will have long-lasting implications on corporate treasuries around the world.

As lower interest rates in Brazil have made wealth managers more relevant, the CEO of Consenso — which UBS acquired in 2017 — says that the secret of wealth management goes beyond making big calls on markets.

Receivables are key to keeping a company or institution in business. They are the final step of the cash conversion cycle, closing the gap in the working capital. In other words, receivables are really important for treasurers and yet are often seen as a difficult topic to address.

Technology may be creeping into every aspect of banking and corporate treasury, but there seems to be a low appetite for working with fintechs and more demand for a focus on traditional banking relationships and business understanding.

It is no secret that cross-border payments have been historically laden with problems of delays and errors, unclear payment status and fees. To address these issues, Swift launched the global payments innovation (GPI) with the goal of significantly improving the customer experience by increasing the speed, transparency and tracking of cross-border payments. This initiative from Swift involves more than 120 key transaction banks from more than 200 countries and territories around the world, and because Swift is where the critical mass of cross-border payments happen, its global payments innovation has been hailed as one of the biggest advancements in international payments in several decades. The initiative is designed to be functional at the short, medium and long terms.

Penelope Smith, Director, Head of non-German Schuldschein Origination, DCM Loans at Commerzbank, considered the role of this unique private placement instrument in international investors’ portfolios.

BNP Paribas, PwC, SAP and the European Association of Corporate Treasurers (EACT) released the second edition of their thought leadership initiative, the Journeys To Treasury (JTT) report at EuroFinance Barcelona on the 4th of October 2017. The first edition of the report, released at EuroFinance Vienna in 2016 made a lasting impression on the corporate treasury community, with more than 1000 downloads across the world and more than 24,000 visits to the report’s website within the first three months of its launch. The 2017 edition of the report has taken the narrative further and discusses some of the most important issues and trends affecting the corporate treasury.

The importance of emerging markets in the world economy has grown steadily but managing EM currency risk can be a nightmare for the unwary corporate treasurer. By 2014, emerging market economies already accounted for 36% of world GDP and 27% of world trade, yet in the period between 2010 and 2015 there were eight large depreciations of emerging market currencies, according to the International Monetary Fund. Managing the company’s financial interests in these challenging markets has become a top priority for treasurers. Which factors should treasurers look at?

Innovation is on everybody’s mind and many wonder whether it’s actually more than just a buzzword. BNP Paribas’s response is clear and strong: innovation is a continuous journey, it goes beyond technology, is already underway and bringing progress at multiple levels and the Bank is also now working hand in hand with its clients to rock the treasury house. From blockchain-based solutions to SWIFT gpi and Virtual Account Management, the evidence is blooming.

Asian green bond initiatives are supporting an unprecedented global surge in issuance, with many markets taking a leaf out of China’s regulator-led book.

Euromoney and J.P. Morgan conducted a survey of global corporate treasurers to find out what they see as the biggest challenges they currently face, and assess their expectations for 2017. The survey enjoyed an overwhelming response, with more than 230 respondents sharing their thoughts, from over 30 countries.

The surprises and uncertainty that characterized 2016 for treasury will continue this year. While some clarifications will materialize, the confluence of traditional and emerging priorities will also challenge decision-making. J.P. Morgan has identified the main areas of focus for treasury professionals below.

Euromoney hosts a number of annual economic and investment forums in tier-two and tier-three cities across China.

As corporate treasures look ahead to 2017, the global outlook remains mixed, yet with positive momentum from gradually improving economic conditions.

The UK’s departure from the European Union will have significant short-, medium- and long-term impacts. Steve Elms, EMEA Head of Corporate and Public Sector Sales, within Citi’s Treasury and Trade Solutions team, is joined by fellow Treasury and Trade Solutions sector specialists John Murray, Roberto Di Stefano, Peter Cunningham and James Lee to assess the outlook for the airline, automotive, healthcare, and technology, media and telecoms sectors in the wake of the UK’s decision to leave.

Corporates are increasingly embracing bank-agnostic connectivity and other solutions that make communicating with banks more straightforward. Only those banks that show leadership and make the necessary investment in these innovative technologies will prosper in this new era.

A global survey of 424 senior executives from financial institutions and fintech companies, and interviews with leading experts in the field, reveal tension as artificial intelligence (AI) is pioneered across financial markets.

Early results of BCA Research's Daily Insights poll “Who will be the next Fed Chairman?” show that only a small minority of respondents believe that who becomes the next Chairman is irrevelant to financial markets. Furthermore, according to the poll, it is still a tight race between Summers and Yellen.

US payrolls increased by 169,000 in August, although downward revisions to previous months brings the three-month moving average down to a disappointing 148,000 per month. Still, BCA Research doubts this data will meaningfully sway the Fed’s thinking.

BCA Research's base case scenario for the rest of 2013 is for Brent to trade in the $105-115 range, but the risks are strongly skewed to the upside.

The level of yields is not yet economically-damaging, but BCA Research's US equity team argues that the speed of the advance has reached the point where investors should expect equity volatility.

According to BCA Research's US Bond Strategy service, there could be some modest disruption in the performance of risk assets as the Fed pares back its asset purchases.

BCA Research's Global Investment Strategy service recommends going long US financials while shorting their Canadian peers: housing dynamics are completely out of sync between the two markets.

BCA Research's China Investment Service argues that any move towards gaining clarity on the Chinese local government debt situation is a market friendly development.

On several key measures – government finances, competitiveness and banking solvency – the euro area is no longer winning the world’s 'ugly contest', according to BCA Research.

The probability of Grexit has increased due to several factors, according to BCA Research:

The US stock market is becoming fully valued, with the market trading at 14.5 times forward earnings, according to BCA Research.