Opportunity knocks


China is the hottest topic for banks’ treasury operations at the moment. Following China’s entry to the World Trade Organisation, many financial institutions are rubbing their hands in expectation of the lifting of restrictions in 2006 that have so far prevented foreign banks from running a full treasury business. But the market will be far from idle over the next few years. On the one hand, foreign banks are attempting to increase their clout in the Middle Kingdom, and a rush of joint ventures

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