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.
Asia-Pacific
Australia slashes credit card interchange fees
November 3, 2003Interchange 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, 2003The 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, 2003Despite 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.
Property magnate and babe magnet
November 3, 2003Hong Kong property tycoon Vincent Lo talks to Karina Robinson about his strategy for doing business with mainland China.