Only a third of the top 1,000 companies in Asia -- minus Japan -- have financial links beyond their domestic markets, says a recent Greenwich Associates survey. Chinese companies were the least financially hooked up globally, although 80 percent did use regional financial services. A Hong Kong-based analyst quoted in the April 10 Financial Times article on the survey explains:
"A lot of the trade in China and other parts of Asia consists of manufacturing goods and shipping overseas. It does not require banking services."
South Korean and Indian companies lead the region in their reliance on financial services to access markets in the west and in emerging markets.