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:

Pulling the Plug

A government-backed shift to homegrown, open-source IT systems is helping Huawei and rattling IBM


Issue 79
July, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Pulling the Plug
A government-backed shift to homegrown, open-source IT systems is helping Huawei and rattling IBM
Issue 79
07.01.2014

Subscribe       |       Newsletter        |        FAQ