Asset managers in Indonesia will soon be allowed to invest in foreign funds, but they would also like to see the limit raised on foreign asset allocation.
Instead of liquidating a bad asset, Cinda goes into business with foreign partner First State.
The non-performing loans of Chinese banks has been nagging at the back of investors'' minds for months. But the establishment of the asset management companies brings in asset recovery professionals for the first time in China''s recent history.
Foreign investors will soon be allowed to set up asset management companies to deal with Taiwan''s bad debt problems.