Author: Jian K'ung (Jian K'ung)

Home Jian K'ung
ANZ’s Elliott foresees demise of universal banking
Post

ANZ’s Elliott foresees demise of universal banking

Universal banking is past its sell-by date. That’s according to one of Australia’s biggest banks. In the digital age banks should hive off services others can do better, said Shayne Elliott, chief executive officer of Australia and New Zealand Banking Group Limited ANZ. The universal banking model, which brings together a wide variety of financial services...

Why Invest in China
Post

Why Invest in China

Over the years, the China investment universe has greatly expanded. From being a manufacturing-driven economy to a consumer-led one, the investment opportunities are rapidly increasing in China. This change has also been lead by the open policies of the Chinese government that promote investments from around the globe and direct them to its own capital...

Post

Why a banking crisis is brewing in Bangladesh

It is recording the highest growth rate in Asia, but Bangladesh’s boom is fuelling the same kind of banking bust that precipitated the Asian Financial Crisis say fund managers and local analysts. On the surface, Bangladesh is doing well. The International Monetary Fund IMF forecasts that it will hit a growth rate of 7% in...

Is Myanmar losing its sparkle for investors?
Post

Is Myanmar losing its sparkle for investors?

The global outcry over the imprisonment of two Reuters reporters isn’t the only challenge facing Myanmar foreign investment has started to sag, having ramped up from a low base barely a few years ago when the reclusive country finally opened its doors to the outside world. Not that all foreign investors are being put off for some,...

How World Bank is helping Malaysia build a digital economy
Post

How World Bank is helping Malaysia build a digital economy

Malaysia has had a tumultuous summer and the Southeast Asian nation shows no signs of catching its breath. Following a general election that saw the first change of governing party in the nation’s history, the new administration of Prime Minister Mohamad Mahathir has torn up a host of Chinese-backed investment plans, most recently dismissing the...

Infrastructure: Will NDB be your next project partner?
Post

Infrastructure: Will NDB be your next project partner?

Infrastructure spending is ramping up fast across Asia, and multilateral lenders are playing a crucial role. Loans from institutions including the Asian Development Bank and the China-backed Asian Infrastructure Investment Bank are helping drive a $1.7 trillion per year infrastructure boom in the region. But the ADB estimates this still leaves a shortfall of $900...

SFC fines Citi over dark pool lapse after CCBI slap
Post

SFC fines Citi over dark pool lapse after CCBI slap

Hong Kong’s Securities and Futures Commission flexed its muscles for a second time this week on Tuesday as it fined Citigroup HK$4 million $500,000 over regulatory breaches in the management of its alternative liquidity pool. Having also reprimanded the investment banking arm of China Construction Bank on Monday for its shoddy due diligence on the initial public...

Targeting tech, JP Morgan reshuffles, grows China team
Post

Targeting tech, JP Morgan reshuffles, grows China team

Aiming to infuse technology expertise more widely and deeply into its China investment banking business, JP Morgan has completed a finetuning of its internal industry group structure, overturning a decades-long tradition of industry coverage adopted by global investment banks. Meanwhile, it plans to expand its mainland investment banking team by 40% to 50% over the...

Awards: CLSA, ICBC Asia, stand out for China in HK
Post

Awards: CLSA, ICBC Asia, stand out for China in HK

In May, FinanceAsia named the winners of its annual Country Awards for Achievement. In June, we’ll present the awards at our annual awards dinner in Hong Kong. Today, we continue with the winners from Hong Kong. BEST BANK ICBC ASIA Industrial and Commercial Bank of China Asia ICBC Asia is a licensed bank incorporated in Hong Kong and a core...