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DBS to fill the infrastructure funding gap in Asia.

JPM allegedly hiring children of powerful officials to win business deals. Media reports said US authorities are investigating the hiring practices of JP Morgan Chase in China, India, South Korea and Singapore following a probe into its activities in China where it employed children of influential officials to win lucrative business deals.

MSMEs can be energized utilizing Islamic finance.

Thanks to strong fee income growth.

Should maintain adequate capital buffers.

But revenues up by only 2%.

It’s expanding beyond Taiwan.

Branch is first overseas by this state-owned bank. Li Ruogu, president of the Export-Import Bank of China, said the creation of the Paris branch gives the bank a financial services platform closer to its market and clients in Europe. He noted the branch would benefit Sino-French and Sino-European economic and commercial cooperation. Chinese government sources said the establishment of the Paris branch means that Chinese banks think highly of the strategic significance of Paris with its role as an international financial center, and have full confidence in Sino-French cooperation in economic and commercial fields. Founded in 1994, the Export-Import Bank of China facilitates the export and import of Chinese products; assists Chinese companies with comparative advantages and promotes international economic cooperation and trade.

Meet in Tokyo to consider slashing reliance on raters. Asian countries discussed efforts to decrease their "mechanistic" reliance on western credit ratings and to strengthen oversight of rating agencies during a meeting of the Financial Stability Board (FSB) Regional Consultative Group for Asia. Since the Great Recession of 2008, there has been significant discussion on the key role of western credit rating agencies in triggering the crisis. Some countries strongly objected to the sovereign ratings assigned for them. Members of the Regional Consultative Group for Asia include Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Thailand and Vietnam.

Service will integrate with the renminbi global payment system.

Transaction was fully automated through Straight2Bank.

Fund distributors among the main beneficiaries.

Will enable inter-bank bond trading service in China.

Will become second mainland bank to IPO in HK.

First of its kind among all foreign banks in Shanghai.

Trials need more policy support, however.