The British Virgin Islands' new office in Hong Kong will field a rising number of enquiries about BVI trust structures. But it may not find it easy to take funds business from the Cayman Islands.
As banks cut lending, local governments in China are increasingly using alternative sources of financing, such as trusts. That is storing up trouble, say market participants.
Big banks managing bond funds are the rule. New entrants, new products and a new pension system have the potential to galvanise this sleepy industry.
The Dutch bank reaches retailers with online statements, account maintenance and query handling.
Korea''s de facto fund managers, the investment trust companies, will shortly mark their assets-to-market. The results could torpedo Korea''s fragile financial system.