AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
TIME RIGHT FOR CHINESE BANKS TO EXPLORE SE ASIA MARKET: BANKER.
NANNING, Nov 1 Asia Pulse - It is time for Chinese banks to start launching businesses in Southeast Asia, given the fact that China's domestic banking sector was getting ready for the opening-up ASEAN market, a senior banker said at a business forum here.
Speaking at the China-ASEAN Business and Investment Summit in the south China city of Nanning, Bank of China (SEHK:3988, SSX:601988) vice president Wang Yongli said most Chinese banks have confined their operations to the domestic market.
"But it is a strategic necessity for us Chinese banks to gear up and grow ourselves into international institutions, because we have to be part of the global system. The ASEAN (Association of Southeast Asian Nations) market is of special significance in the process," Wang told hundreds of officials and businessmen involved in the banking industry.
Chinese banks could possess a presence in the ASEAN market by providing financing services in support of local infrastructural construction, he said.
China and ASEAN were each other's fourth largest trade partner last year, with bilateral trade in goods totaling US$160 billion. The two sides are also pushing for a free ...
- Credit revolution. (China).(Chinese banks begin lending to individuals)
- Magazine article from: The Banker Do Rosario, Louise May 1, 2002 700+ words
...credit provided by Chinese banks grew to Rmb699bn...Commercial Bank of China (ICBC), China...mortgages alone in China will average...portfolio." Chinese banks are keen to develop...s Advantage China will help Chinese banks create pools...
- Asia: Top 100 Chinese Banks - Big Four Less Dominant As Smaller Players Rise -...
- Magazine article from: The Banker Timewell, Stephen August 1, 2008 700+ words
...STEPHEN TIMEWELL While China's 'Big Four' state...The Banker's Top 100 Chinese Banks listing, the country...leading 20 banks in China have capital in excess...them last year, and 45 Chinese banks made The Banker's...the previous year. China's banking sector is...
- China's banks hit new heights: Top 50 Chinese Banks.
- Magazine article from: The Banker September 1, 2009 700+ words
...Banker's Top 50 Chinese banks ranking this year...that the growth of China's financial sector...2007. The Top 50 Chinese banks also increased...The top three Chinese banks remain the same...Commercial Bank of China (ICBC) ranks...
- Mid-size Chinese banks "hot" foreign investment targets, says head of China's...
- Newspaper article from: China Business News November 2, 2005 700+ words
Mid-size Chinese banks "hot" foreign...says head of China's central bank...INTERFAX-CHINA - Medium-size Chinese banks have become a...People's Bank of China, said Wednesday...Beijing. "Big Chinese banks are really big...
- Standard Chartered Eyed by Chinese Suitors? Three Chinese banks reportedly...
- Magazine article from: Investment Dealers' Digest Hamerman, Joshua November 26, 2007 700+ words
...Republic of China), a rival of China (People's Republic of China), and Zimbabwe. Standard...headquartered in New York. The three Chinese banks reportedly interested in buying...Industrial and Commercial Bank of China (ICBC), China Construction...
- Asia: China - 'Chinese Banks Need Foreign Competition' - Stephen Timewell...
- Magazine article from: The Banker Timewell, Stephen December 1, 2005 700+ words
...the pace of SOE reform in China. This is the consensus of bankers in China. The good news is that the...and solid capital market in China. Q: Are you happy with the...competitive advantages. Q: Are the Chinese banks prepared for the opening up...
- CHINA: MOODY'S CHANGES 7 CHINESE BANKS' RATING OUTLOOK TO POSITIVE.
- Newspaper article from: IPR Strategic Business Information Database November 10, 2009 700+ words
...issuer ratings for seven Chinese banks. The seven banks are...and Commercial Bank of China (ICBC), China Construction...outlook changes for China's A1 long-term government...outlook for the nine other Chinese banks rated by Moody's remains...Communications (BoCom), ...
- Asia: China - Chinese Banks Step Up Drive For Modernisation - For The First...
- Magazine article from: The Banker June 1, 2006 700+ words
...include CITIC Industrial Bank, China Merchants Bank, China Minsheng Banking Corporation...held back until the Bank of China and ICBC have completed their...of holding stock in too many Chinese banks at once. Meanwhile, the saga...
Source: HighBeam Research, TIME RIGHT FOR CHINESE BANKS TO EXPLORE SE ASIA MARKET: BANKER.