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  • Asiamoney
    Buddhist monk and former investment banker Michael Dobbs-Higginson has written a rip-roaring account of an astonishing life that has included success and failure in equal measures. His book offers lessons on running a balanced life.
  • The opening up of the Chinese financial sector to majority foreign ownership is an important and strategic move, but the guidelines curtailing banking sector liberalization make it look like one step forward, two steps back.
  • A novel green loan for Singapore-listed Wilmar has highlighted the dearth of such ESG-based borrowings in Asia, but now that the agribusiness company has provided a template, the onus is on banks and borrowers to push for change in the region.
  • The Hong Kong stock market is finally shaking off its image as a home for unloved Chinese IPOs.
  • In May 1989, the Sydney news magazine ‘The Bulletin’ published a cover story of characteristic Australian bluntness: ‘Why the banks are bastards.’
  • The Chinese Ministry of Finance successfully completed its second offshore renminbi bond auction, but poor investor demand for the offering raises questions about the future of the CNH bond market.
  • If Australian banking needs a fundamental shake-up, it may come from insiders-turned-outsiders, and few fit that bill better than Jason Yetton at SocietyOne
  • The country’s lenders face depressing conditions in their home market, with negative interest rates, razor-thin net interest margins and an ageing population. If they want to lift profits, they have little choice but to expand offshore, despite numerous hurdles.
  • Two former debt bankers – one a globetrotter, the other a lifelong Japan specialist – head Barclays’ Japanese investment banking business and present a formidable double act. Rivals may snipe at Barclays’ diminishing presence in Japan, but Kentaro Kiso and Tetsuya Kodama tell Asiamoney how they intend to play to their strengths.
  • Asiamoney
    Francisco Aristeguieta has spent two and a half years trying to change Citi’s approach to Asia. The process is not complete, not least in China, but Citi’s numbers show a strategy starting to work.
  • The bank has found a model that puts the local community first – feeding prosperity, not feeding off it as the big four do, says chief executive Mike Hirst
  • April 2021