Financial institution working in Asian markets from the 20s of XIX century, has operations in China, Hong Kong, India, Indonesia, Malaysia, Thailand, Taiwan and Australia, says FT. It said the bank will probably keep part of its operations in fixed-income trading in its main Asian hub Singapore.
Focus on local market
As part of last year's restructuring RBS's goal is to look like in the more competitive British Lloyds Banking Group, which is focused to a greater extent on the local market. Perhaps the bank will withdraw from more than half of the 38 markets where it operates currently, once downloaded from a dozen of pre-crisis peak of its expansion until writes FT.
The financial institution, which is 80% owned by the British government, seeking a buyer for its international private banking unit Coutts, and last month announced that it is considering exiting the markets in Central and Eastern Europe and the Middle East. The list is for sale and its subsidiary retail in the US Citizens, which was posted on the stock exchange last year. According to the agreement with the European Commission RBS has until 2016 to sell its remaining 75% of Citizens, the newspaper reminds.
The first QDII quota fund of US around $500 million was allocated to the HuaAn fund at the beginning of the 2000's. As of then, this quota has maintained a steady growth in China. Their current investment quota used to fund companies sits at about $44.4 billion compared to the US$ 40.6 billion offered for 2011, and 2010.