SWIFT's Donovan sees vast potential in China

James P Donovan, head of securities industry division at SWIFT discusses the firm's China operations and the impact of QDII.
What prompted the opening of SWIFTÆs Beijing office

For us, the issue is that historically we didnÆt have enough focus on what is going on in China. As we began to talk more and more to the regulators, the central bank, the people running the foreign exchange markets, and those looking to establish some basic standards for the securities markets, we realised the opportunity is huge. The knowledge of SWIFT in this market is low and the only way weÆre going to help put forward the interests of our members is to get more resources into China.

We had an office in Beijing with a handful of people, but weÆve moved into new premises...
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