April Wu

China Market Strategy

August 13, 2014

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Banking News This Week – Aug 13

The top 5 banking news stories in emerging markets this week.

1 – China top of the list for investment opportunities

Franklin Templeton Investments has acknowledged that looking at their global portfolios, China is up at the top list, ahead of India and Russia. >>

2 – Vietnam Eyes Foreign Mergers in Bid to Improve Economy

Gabor Szendroi has racked up quite a few miles flitting between Hungary and Vietnam, helping to connect companies in both countries through mergers or acquisitions. On one of his more recent assignments, he spent months advising a Hungarian company that wanted to buy a Vietnamese company, only to see the deal fall through. The Vietnamese company, he said, asked for too high a price. >>

3 – US pays overdue attention to Africa with an eye on Beijing

The White House announced $33 billion in commitments, aimed at strengthening its stagnant economic and trading cooperation with Africa and encouraging more US firms to enter the continent. In 2013, trade volumes between the US and Africa just topped $100 billion, less than half Sino-African trade. >>

4 – CIMB Thai opens flagship branch on Silom Road

CIMB Thai Bank yesterday opened a flagship branch as part of a new retail banking strategy focused on serving local wealthy customers and Asean clients. >>

5 – Gulf banks lead overseas expansion

The Gulf banks are fast replacing European lenders in expansion inside the Middle East area and into some of the quickly growing emerging markets in Asian and Africa in the context of enhancing well being of their balance sheets and robust help from shareholders. >>

Also worth reading:
Will Mobile Banking End Branches?
4 Chinese Internet Companies Betting On Mobile Banking
Banks Tapping New Potential in Asia

Comments

  • Jake Ting

    Talking about investment, buying and renting out a condo maybe the way to invest in property. When I’m looking for investment I have decided to buy a Forestville Condo. Condos are cheaper than townhouses and residential houses.

    • Chris Tiu

      @Jake: Speaking of condo, what you have said is quite true. By next year, I’m planning to buy a unit at River Valley Condo. The good thing about condo is the maintenance costing. I admit that I was able to save a lot.