HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
Utilising subsidiaries’ cash at the group level has become vital as more Asian corporates move onto the international stage. Bank independence is viewed as the Holy Grail of treasury.
Carrie Lee, former engineer, banker and now group treasurer of Orient Overseas Container Line (OOCL), talks to CT about turning to Asian banks for financing, shoring up cash reserve to brave the shipping market, and ...