Asiamoney Issue Four 2019

Asiamoney Issue Four 2019

Inside Kaspi’s Kazakh banking experiment

Kaspi.kz is Kazakhstan’s most exciting technology company, its most ambitious bank and perhaps its next international export, but rivals think they have figured out its secrets.

On the cover

Malaysia: Lim finds revolution hard going

Malaysia: Lim finds revolution hard going

Toppling a political dynasty is one thing, stabilizing Malaysia’s corruption-riddled finances is quite another, as finance minister Lim Guan Eng has discovered in his first 18 months in the job.

Can Hong Kong endure as a financial centre?

The economy is suffering as months of protests show no sign of abating. Banks have been targeted by demonstrators. So far, its financial markets have been largely unaffected. But surely it is only a matter of time before Asia’s greatest financial centre suffers too?

Editor's letter

Review

AIIB and Singapore build for project finance

AIIB and Singapore build for project finance

Asian Infrastructure Investment Bank and Clifford Capital have launched a new financing platform to remove some of the pressure on banks. It will also position Singapore as a leader in the sector.

Asia unprepared for end of Libor

How much work have Asian banks put in to get ready for the end of Libor on December 31, 2021? Senior bankers admit that not much progress has been made.

Capital markets: How to enter China

Foreign banks hoping to break into China’s capital markets will have their chance at the end of 2020, but muscling in on primary capital markets could prove expensive and risky.

Surveys and awards

Asiamoney Brokers Poll 2019: The people who left their mark

Asiamoney Brokers Poll 2019: The people who left their mark

This year’s winners of the Asiamoney Brokers Poll had to navigate myriad challenges, from trade tensions between the US and China to uncertainty around global growth. They managed to find exciting investment opportunities by quickly adapting to the changing market conditions – something they will need to do in 2020 as well.

Asiamoney Brokers Poll 2019: Results index

The 30th annual Asiamoney Brokers Poll invited chief investment officers, fund managers and investment analysts to take part. Voters represented fund management houses, insurance companies, pension funds, sovereign wealth funds, hedge funds and wealth managers from around the world.

China ABS Awards 2019

The Chinese asset-backed securities market saw a boom in 2019, marked by relentless innovation and cutthroat competition. The winners of Asiamoney’s second China ABS awards have driven this growth.

Cambodia

Cambodia: The stock exchange takes baby steps

Cambodia: The stock exchange takes baby steps

Even on a busy day, you can hear a pin drop at the Cambodia Securities Exchange, but with a handful of new share listings and more bond issues expected in 2020, investors can hope for a slightly livelier scene.

ABA's makeover into a Cambodian digital leader

Central Asian expertise and North American money made for a powerful mix: together they have turned ABA Bank into a digital entrepreneur and propelled it to the top tier of Cambodia’s banking industry.

Japan

Kazakhstan

Stock exchanges: Kazakhstan finds two is a crowd

Stock exchanges: Kazakhstan finds two is a crowd

The government has big ambitions when it comes to the financial sector, but a second stock exchange, launched as part of a bold plan to turn the country into a Dubai on the Steppes, is a big ask when it comes to developing the nation’s capital markets.

Mongolia

Mongolia: SMEs take centre stage

Mongolia: SMEs take centre stage

For too long, Mongolia has depended heavily on the resources sector, but banks such as TransBank are making an important push to lend to small and medium-sized enterprises.

South Korea

South Korea: Let the app wars begin

New banking rules have blown the competition wide open in South Korea, allowing banks to piggy-back off each other’s client relationships by offering a better mobile app.

Hong Kong

Hong Kong: Chan aims to maintain financial order

Hong Kong: Chan aims to maintain financial order

Hong Kong’s Financial Services under-secretary is a rare species: a government official willing to talk to the media, despite holding such a tough job of keeping the SAR’s markets operating smoothly in a time of chaos.