Asia-Pacific - Asian banking news and insight -

China expands foreign access to local markets

January 5, 2004

China’s top banking regulator played Santa Claus to foreign banks weeks before Christmas last year, announcing measures that gave them greater access to the local market.

HSBC takes local stake

January 5, 2004

After a long-term presence in India, HSBC has surprised everyone by buying into the local banking sector in an apparent strategic shift, writes Kala Rao in Mumbai.

Japan: not yet out of the woods

January 5, 2004

The government’s rescue of Ashikaga regional bank illustrates that, while Japan’s economic outlook has improved, there are still areas of concern.

Why China is Hong Kong’s best friend

December 2, 2003

The opening up of the mainland will attract foreign investment into the city state and bolster its exports.

Recovery against tough odds

December 2, 2003

Criticism is mounting of the IBRA’s restructuring efforts. But any
assessment must factor in the volatile environment in which the agency
had to operate, says Brian Caplen.

Open door policy comes knocking

December 2, 2003

China may have to swallow the unpalatable and seek foreign assistance if it is to remedy its huge non-performing loan problem. Brian Caplen reports.

Australia slashes credit card interchange fees

November 3, 2003

Interchange fees for credit card transactions in Australia are to be virtually halved following tough action by the Reserve Bank of Australia (central bank) and the failure of an appeal by Visa, MasterCard and BankCard in the federal court.

CEOs with eyes on expansion

November 3, 2003

The heads of the top three banks in Singapore tell Karina Robinson about their strategies for growth – three different routes to overseas expansion.

All uphill for foreign banks

November 3, 2003

Despite the liberalisation of China’s banking system, in line with WTO guidelines, foreign banks still face major hurdles in operating profitably, says Louise do Rosario.

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