International cash management review 2010: ICM services in Asia-Pacific

Asia-Pacific was until recently relatively under-developed in terms of the cash management services available, despite some of the major international cash management banks having had a presence in the region for many years. It is now fast becoming one of the most competitive markets for cash management. Three of the largest Chinese banks, Agricultural Bank of China, Bank of Communications and ICBC, are expanding their cash management services across the region and several of the world’s largest cash management banks are focusing their attention on the area, attracted by potential new business from some of the fastest-growing companies in the world.