Asia-Pacific - Asian banking news and insight -

HSBC seeks small fry to land big profits

April 4, 2005

HSBC in India is preparing for an expected boom in the SME sector by targeting smaller businesses that have growth potential. Kala Rao reports from Mumbai.
No customer is too small for HSBC, says Subir Mehra, who heads the bank’s small and medium-sized enterprise (SME) business in India. That is what prompted it to mine its retail banking customers in India, looking for small businesses that are poised to grow dramatically in a fast-expanding economy.

Regulation change puts India’s foreign banks on a short leash

April 4, 2005

New regulations for foreign banks in India have ended hopes of unrestrained growth in the expanding retail finance market. Foreign banks cannot acquire a local private bank except in the case of a weak bank, identified by the regulator. Additionally, local subsidiaries set up by foreign banks will not be able to open branches freely.
These restrictions will stay in place until 2009, when fuller deregulation is expected, including allowing market acquisitions of local private banks.

Power to the people

April 4, 2005

State-owned Kiwibank may be small but it is gaining popular support, writes Virginia Marsh in Wellington.

New Zealand pursues economic prosperity

April 4, 2005

For a country that looks economically healthy, New Zealand’s finance minister Michael Cullen has much work to do. Hugh O’Shaughnessy, in Wellington, speaks to him about the importance of foreign investment and encouraging domestic saving.

India’s IT outsourcers

March 7, 2005

Despite concerns over data fraud, communication problems and a backlash from western countries, India is still a prime destination for banks to outsource their business processes, writes Kala Rao.

No distractions from sell-off momentum

March 7, 2005

Indonesia’s banks are going back into private hands as the government continues with its economic reform plans, despite the huge post-tsunami rebuilding task it faces. Simon Montlake reports on progress.

From ‘small and risky’ to a target for partnership

March 7, 2005

Kazakhstan’s spectacular financial boom is beginning to attract the attention of European banks, reports Christopher Pala from Almaty.
European banks have long perceived Kazakhstan, the largest after Russia of the former Soviet republics, as “too far, too small, too risky”. Five times the size of France with its economic capital, Almaty, close to the Chinese border and as far from Paris as Paris is from New York, Kazakhstan’s population is only 15 million: a small market spread over a huge area, ruled by an authoritarian president unwilling to make the transition to democracy.

New supervisor makes headway

March 7, 2005

Kong Jaw-sheng, the first chairman of Taiwan’s new Financial Supervisory Commission, talks to Dennis Engbarth about its early days and its future priorities.

Ma Weihua

February 2, 2005

governor, China Merchants Bank
Chinese bankers are often low-key state-employed bureaucrats whose names are rarely known outside the industry. One exception is Ma Weihua, president of the small but highly regarded China Merchants Bank (CMB).

Adrian Li

February 2, 2005

general manager and head of corporate lending, Bank of East Asia
If Adrian Li, 31, succeeds his father David Li as head of the Bank of East Asia, as widely expected, it would be another milestone for the Li family, which founded the bank in 1918 in Hong Kong.

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