ICBC’s Zheng poised to lead Minsheng Bank

ICBC’s Zheng poised to lead Minsheng Bank

Zheng Wanchun, vice president of ICBC, is set to take the helm of China Minsheng Bank, the country’s largest private lender by assets
State-owned railway equipment maker was nevertheless endorsed by cornerstone and anchor investors and stands to be the fourth largest HK float this year.
Parvati Banati left the German bank last week at a time of falling M&A volumes in the region.
FinanceAsia's Women in finance series resumes this week with a profile of Yoo Myungsoon, Citi's head of corporate banking in Korea.
The 2015 fixed-income poll will enhance understanding of regional bond markets by tapping our audience for informed views on the best players and service providers.
The Nasdaq-listed search group will embark on a $1b share buyback to assuage investors after $12b was wiped off its market value on disappointing quarterly earnings.


Has the level of compliance in Asia become too onerous for banks?

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Yes, it takes too long to onboard a client
Yes, committees are shooting deals down
I think it’s at the right level. I can do my job and the regulation isn’t too onerous.
I think it’s too lenient. We still see bankers flouting rules and we need to do more to rein them in.


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