Markets

China needs more banking reforms

The government again goes to bat for small businessmen. Zhou Xiaochuan, Governor of the People’s Bank of China, the central bank, said the banking and finance sector should initiate reforms that serve the real economy so more direct financing can be provided to small- and micro-sized companies and cultural industry enterprises. Read ››

Vietnam's Vietinbank establishes subsidiary bank in Germany

Vietinbank has been allowed in principle by the State Bank of Vietnam to set up a subsidiary bank in Germany. Read ››

Vietnamese banks reaching out to nearby markets

Maritime Bank plans to set up branches or 100 percent Vietnamese owned banks in foreign markets, possibly Laos and Cambodia. Read ››

Banks from Australia, NZ, Korea, Vietnam most exposed to Euro crisis: Moody's

Moody’s identified banks in Australia, New Zealand, South Korea and Vietnam as among the “most exposed” in the Asia-Pacific region to Europe debt crisis. Read ››

Bank Sinarmas to expand through rights issue, foreign investments

Bank Sinarmas hopes to expand operations by offering rights issue of shares in the second quarterand  by tapping foreign in vestments. Read ››

Good 2011 profits push Public Bank shares up

Public Bank Bhd are up by two sen to RM13.54 after posting profits last year that satsfied market expectations. Read ››

KDB Financial seeks 2012 IPO

Yet analysts doubt on the marketability of KDB shares in the current environment. Read ››

Being predicable in unpredictable times

It is easy to see how individual investors can be confused and anxious recently because of the Euro-zone crisis – and many will be wondering what to do next. Read ››

Being smart in an uncertain economic environment

What is a Convertible Bond (CB)? CBs are hybrid instruments combining a corporate bond and a buy option on the underlying share. Read ››

China takes another step towards harmonisation of indirect tax

A momentous step forward has recently been taken by the Chinese government in its quest to apply a Value Added Tax (VAT) across both its goods and services sectors. Read ››

China headed for a banking crisis

61% of global investors predict that the country will face a crisis within the next five years. Read ››

Will the SEPA end date change anything for Asian Banks?

“Now this is not the end. It is not even the beginning of the end, but it is, perhaps, the end of the beginning.” Winston Churchill, 10 November 1942 There is no doubt that regulation is a driving force in the payments industry and will be so for the foreseeable future. Read ››

Australian banks face a few strains

There's an interesting twist in the way the Basel III framework for bank regulation will be applied in Australia. Read ››

Pursuing growth in Asia

Despite volatility in the global economy, one long-term trend is certain: economic power, capital inflows and trade activity continue to shift to Asia. Read ››

RHB may pay up to $514m for OSK unit

The banking group may issue new shares equivalent to as much as 10% of its existing equity to pay for the unit. Read ››

ABIL, the avant-garde of self service experience

Through the ABIL project BBVA has managed to create a completely new self-service banking experience. Read ››

How regulation can boost Asia's role in the international financial scene

Now, more than ever, there is a greater call for Asia to step up and play a bigger role in international financial institutions and along with this greater role will come the challenges of regulation. Read ››

Hiring hotspots in Asia

While there is a sense of uncertainty for some banks, others have made no changes to their hiring plans and good talent remains in high demand. Read ››

RHB Cap given extra time for rights issue

Bursa Malaysia Securities provides 6 month extension of its $416mn fundraising scheme. Read ››

What you need to know about the new appointments of BNP Paribas' AsiaPac management team

The three new senior appointments of BNP Paribas Wealth Management will give an added boost to the bank’s growth strategy for the region. Read ››

Citi appoints Andrea Fletcher as Global Equities Client Management Head

Andrea will report to David Covin, Global Head of Investor Sales Client Strategy and Business Development. Read ››

HSBC appoints Christopher Adams as director of Global Asset Management

Prior to joining HSBC, Mr Adams was Vice President for BlackRock’s Asia ex Japan active equity capability. Read ››

Commonwealth Bank to acquire 5% stake in Vietnam International Bank for $55m

This will increase Commonwealth’s stake to 20%, the maximum allowed for a foreign investor. Read ››

BoCom gets go signal to sell $4bn subordinated bonds

The lender kicked off the capital structure improvement process with a $3.9bn sale in July 2009. Read ››

China Merchants Bank secures regulator’s approval for CNY35bn rights issue

But the application process with the China Securities Regulatory Commission and the HKEx is still ongoing. Read ››

Philippine banks petitions to halt 20% bond tax enforcement

8 banks seek the country’s Supreme Court mandate to stop imposing the tax. Read ››

Woori Finance and RBS ink deal

The alliance will enable the South Korean lender to issue covered bonds. Read ››

Asia joins in on global uprising against Wall Street

Protestors rallied in Hong Kong and Tokyo in support of the Occupy Wall Street demonstrations that began last month in New York. Read ››

DBS beefs up debt issuance program to $15bn

The $5bn update seen to boost the program whose preceeds will be used to fund the bank’s general business. Read ››

Central Huijin buys China’s Big 4 stocks

The sovereign wealth fund’s support for state-owned banks spurred HKSE rally. Read ››

Woori Investment & Securities targets $510.3mn from rights issue

The company eyes selling 66.74mn new common shares at $7.70 each. Read ››

Vietnam allows banks to resume offshore gold trading

Five lenders will sell six tonnes of gold to help narrow the gap between domestic and international prices. Read ››

Three steps to winning the confidence game in Asia

Only 17 percent of Asian consumers expressed confidence in financial providers in Q2 based on the Corporate Executive Board’s (CEB) quarterly poll of 5,000 consumers in six Asia-Pacific countries. Read ››

Give the currency market some thought

You are probably exposed to it already even if you did not invest in it intentionally. Read ››

Chinese banks ditched by wary investors at signs of credit bust

The cheapest Chinese bank stocks may plunge further as the credit boom is showing signs of turning into a bust. Read ››

Banks worldwide set their sights on Asia

As it is predicted to become the dominant center for global trade flows over the next 12 months. Read ››

BIDV preparing IPO for Q4

BIDV chairman Tran Bac Ha revealed that his bank is preparing for an initial public offering in the fourth quarter of this year. Read ››

Moody’s says outlook for Vietnamese banks remain negative

It is concerned that the profitability and capital buffers of the banks will fall. Read ››

Chinese banks’ net profits surge 29% to an amazing $64.1b in 1H11

The Big-Four banks also disclosed that they made a total provision of $14.4b as of end 1H11. Read ››

Analysts see slower second half for Malaysian banks

Banking analysts are expecting a slower second half for Malysian banks based on the souring global economic outlook and the banking data released in July. Read ››