Corporates and Institutions

Macro and markets, Cash management, flow case study

The rise of Global Capability Centres in APAC

Formerly, it was mainly back-end functions that were outsourced to Asia-Pacific. Today, these hubs drive technological innovation and enhance organisational efficiency on a global scale. What does this mean, both for the treasury function and for corporate banking services?

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China accounts for 60% of global car sales

On every reading of the dashboard, the Chinese car market is remarkable. China leads the world in both annual sales and number of cars produced, according to data gathered by the US Department of Commerce’s International Trade Administration.¹ China also leads in the electric car race: the International Energy Agency found that China accounts for 60% of global electric car sales, and that more than half of the world’s electric cars currently on the road are in China.²Since the restrictive ‘zero Covid’ policy was dropped in December 2022, China’s passenger car sales have been steadily increasing – see Figure 1.

Formerly, it was mainly back-end functions that were outsourced to Asia-Pacific. Today, 250 these hubs drive technological innovation and enhance organisational efficiency on a global scale. What does this mean, both for the treasury function and for corporate banking services?

More

China accounts for 60% of global car sales

On every reading of the dashboard, the Chinese car market is remarkable. China leads the world in both annual sales and number of cars produced, according to data gathered by the US Department of Commerce’s International Trade Administration.¹ China also leads in the electric car race: the International Energy Agency found that China accounts for 60% of global electric car sales, and that more than half of the world’s electric cars currently on the road are in China.²Since the restrictive ‘zero Covid’ policy was dropped in December 2022, China’s passenger car sales have been steadily increasing – see Figure 1.

Formerly, it was mainly back-end functions that were outsourced to Asia-Pacific. Today, these hubs drive technological innovation and enhance organisational efficiency on a global scale. What does this mean, both for the treasury function and for corporate banking services?

More

China accounts for 60% of global car sales

On every reading of the dashboard, the Chinese car market is remarkable. China leads the world in both annual sales and number of cars produced, according to data gathered by the US Department of Commerce’s International Trade Administration.¹ China also leads in the electric car race: the International Energy Agency found that China accounts for 60% of global electric car sales, and that more than half of the world’s electric cars currently on the road are in China.²Since the restrictive ‘zero Covid’ policy was dropped in December 2022, China’s passenger car sales have been steadily increasing – see Figure 1.