Caixin OnlineFinance & EconomicsTop Stories Finance Alibaba Subsidiary Lets SMEs Hedge against Yuan Fluctuations
05.23.2013 15:18

Alibaba Subsidiary Lets SMEs Hedge against Yuan Fluctuations

Service allows small trading companies to avoid losses by making an offsetting bet on forward exchanges
By staff reporter Fu Yanyan
A

(Beijing) – A subsidiary of Alibaba Group has introduced a service that allows small and medium-sized companies (SMEs) trading on its platform to hedge against risks from yuan exchange rate fluctuations.

That service has long been available at domestic banks, but only companies with a sizeable turnover can enjoy it, said Xiao Feng, deputy general manager of Shenzhen OneTouch Enterprise Service Co. Ltd., the subsidiary that serves SMEs trading with foreign businesses.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

Ammonia in the Haze

Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy


Issue 82
October, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Ammonia in the Haze
Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy
Issue 82
10.01.2014

Subscribe       |       Newsletter        |        FAQ