Bank of China

How much work have Asian banks put in to get ready for the end of Libor on December 31, 2021? Senior bankers admit that not much progress has been made.

This financial institution is clearly one to watch on a global scale, thanks to its presence in 57 countries and domination of the renminbi clearing market.

BoC has only just opened its first Sri Lankan branch, but already it wants to be the biggest foreign player in the market. In an exclusive interview, Asiamoney sits down with the lender’s senior local bankers to discuss its goals and ambitions.

China’s big lenders, led by Bank of China, want full access to Mongolia’s resource-rich market, but local regulators are desperate to keep them out, wary of Beijing’s rising power and influence, and keen to avoid a repeat of past mistakes. Who will win the battle?

Drive, reach and contacts separate the winners from the rest of the pack.