And with regard to the willingness to raise capital, the fact that business tax laws in Germany provide for different tax treatment of debt and equity capital is not very helpful either.
Pioneer days of the Hong Kong Office There is an interesting story behind the establishment of the Hong Kong Office. In 1953, four years before the opening of the Hong Kong Office, the Bank planned to open an office in Calcutta, India. At that time, the Indian city was important for Japan as a source of iron ore and cotton.