China Tells

According to Mr Tony Tan, the deputy chairman of GIS Group, Asian Banks are seeing a ‘once in life’ opportunity to increase or even take over the dominant market share in international finance (See Article from FT). After the Finance Crisis, the world banking industry has gone through a bottom up change between the Western and Asian peers. Asian Banks, especially banks from China, top the list of world’s biggest banks (See graph from Chinatells). Only ten years ago, it was mainly American banks that top the world. Such a change implies a shift of power from West to East, and the world major financial markets are likely to see an increased influence from Asian banks than their Western peers.

根据新加坡政府投资公司副主席最近的发言，亚洲银行可能在未来成为主导世界金融体系的主要力量之一。亚洲银行在这次金融危机中受害相对轻微，因此在金融危机后的状况要比美国同行好处不少。由于这样相对力量的快速变化，我们在今后的世界金融市场将看到更多的亚洲力量。