Asia-Pacific - Asian banking news and insight -

China Minsheng Banking Corp

May 2, 2005

China’s first privately owned bank, China Minsheng Banking Corp, is likely to be the top choice for foreign banks, given its nationwide networks and good financial health. The Beijing-based bank’s biggest shareholder is New Hope Capital, a unit of livestock feed conglomerate Sichuan New Hope Agribusiness Corp, which owns a 6.98% stake.

Best banks to buy in China

May 2, 2005

International banks are looking for a piece of China’s banking market. Kazuhiko Shimizu, in Shanghai, sizes up the most promising acquisition targets.
The race is on to get into the market but finding suitable acquisition targets is not easy. Getting involved with the big four state-owned banks, laden with non-performing loans, would be tricky.

India cracks the combination for growth

May 2, 2005

The coalition government of Manmohan Singh is determined to transform India. Karina Robinson reports from New Delhi on the progress so far.
The measured interventions in the Lower House of India’s Parliament had come to an end. The wood-panelled chamber of the Lok Sabha slid into orchestrated chaos as the opposition benches emptied and its gesticulating members surrounded the speaker, enthroned in his chair.
Dressed in saris, white dhotis, turbans and Western-style trousers and shirts, the parliamentarians raised their voices about a crisis in the Jharkhand state Parliament.

The outlook for Islamic banking

May 2, 2005

As Pakistani authorities grant the third licence to a wholly Islamic bank, Farhan Bokhari reports from Karachi on this emerging sector.

The right people are hard to find

May 2, 2005

There is a dearth of well-trained managers to fill the new posts that are being created to cope with banks’ consumer services, Farhan Bokhari reports from Karachi.

Growth continues but challenges remain

May 2, 2005

Prime minister Shaukat Aziz tells Farhan Bokhari in Karachi that Pakistani banks are poised for further growth. But there are mixed opinions about whether the country’s economic recovery is sustainable.

Cost-efficiency

May 2, 2005

Another active issuer this year has been Rabobank, whose offerings include a €1.25bn five-year benchmark deal in January, which generated solid demand in Asia.
“We do some benchmark issues in dollars but, over the past 18 months, we’ve generally found it more cost effective to issue in euros,” says Patrick Mitchell, head of funding at Rabobank in Singapore. “The amount of our euro-denominated paper placed in Asia has increased over the past 12 months, and 20% of a euro benchmark trade would now typically be sold in Asia.”

European bond issuers hit the sweet spot

May 2, 2005

Although Asian investors still favour dollar-denominated bonds, their interest in euro deals is growing, stimulating European issuers to work on building up their Asian investment base. Michael Marray reports.
European bond issuers are devoting an increasing amount of their time to the Asian investor base, tapping into the fast-growing demand for fixed income assets from central banks and private accounts.

Exotic options

May 2, 2005

Whereas us and European retail investors are used to investing in more traditional investment products such as mutual funds, Asian investors demand something rather more exciting. This has led to great innovation in exotic options and UBS is one bank creating innovative new structures to be sold direct to investors or wholesale through private banks.

Asia hails arrival of the hybrids

May 2, 2005

As new frameworks such as Basel II are implemented by Asia’s regulators, the region’s banks will have to adopt innovative new ways of raising debt and capital.Brian Caplen explains.
In the grim days following the Asian financial crisis, efficient capital management was not a concept much in vogue with the region’s banks.
Staying alive in any shape or form was the focus, not fussing about different forms of capital. But now the onward march of regulation in Asia and new demands from shareholders are concentrating the minds of bank management.

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