A lender be: a new breed of banker emerges in China
Article Abstract:
Wang Qishan is leading a new generation of bankers in China in deregulation from his position as president of the People's Construction Bank of China. The country's third-largest state bank, with assets of $200 billion, it has become much more commercial and taken international positions under his guidance. On Aug 11, 1995 he launched China Intl Capital Corp, in partnership with US-based Morgan Stanley and others. He has improved asset management and PCBC's treasury among other reforms, but faces tougher challenges still.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Now you've done it: Japan faces the consequences of Daiwa's scandal
Article Abstract:
Talk of a merger between Sumitomo Bank and a reeling Daiwa Bank raises questions about the industry and about Japan's Finance Ministry oversight. The ministry crippled Daiwa by postponing for six weeks its report to US officials about Daiwa's unauhorized $1.1 billion losses in bond trading, leading to criminal sanctions by the US. The merger would be complicated by valuation uncertainties, and the opposition of powerful interests. The entire problem shows how unready Japanese banks are to compete overseas.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Eye of the scandal
Article Abstract:
Lippo Group was founded in Indonesia by Mochtar Riady in 1986 with the aim of being a self-sufficient, professional bank able to raise capital on its own and be independent of the Suharto family. It has now come a long way from these origins and has become much more like other Indonesian companies. The Riady family has lost control, and the company is no longer independent and apolitical. The decision to move into property in particular exposed the company to political forces.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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