One of the missing links for TradeCard, a global online trade transaction settlement company, is about to slot in place. Dah Sing Bank has agreed to provide export finance to TradeCard users - albeit only those based in Hong Kong. Dah Sing will become the first Asian bank to provide online export financing via the TradeCard platform. This is the dawn of a new era in trade financing in Asia, says Derek Wong, managing director of Dah Sing.
Hong Kong is a well-regulated country it has the potential to be a financial centre like London and New York, says Wong. Hong Kong is also well-known for trade and has the...