Markets

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...

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...

China headed for a banking crisis

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

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...

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. This is because, unlike most...

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...

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.

ABIL, the avant-garde of self service experience

Through the ABIL project BBVA has managed to create a completely new self-service banking experience. True to their philosophy of customer centric...

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...

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...

RHB Cap given extra time for rights issue

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

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.

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.

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.

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.

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.

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.

Philippine banks petitions to halt 20% bond tax enforcement

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