· The Risks and Rewards of the Pursuit of Size and Complexity by Japan's Megabanks Yasuyuki Fuchita · The Dematerialization of Stock Certificates in Japan Takashi Adachi · Sales of Individual Annuity Products via Bank Branches in Fiscal 2003 Takashi Adachi · Will China's Four Major Banks Succeed in Going Public? - Establishing Corporate Govenance Will Be Impossible if They Remain under State Control Chi Hung KWAN · The Huge Debate over Privatization and MBOs - Can the Drain on State-owned Assets Be Justified? Chi Hung KWAN