China
APAC’s Top 20 banks' combined revenue up 4.3% in 2023
Japanese banks were the biggest winners whilst Chinese banks’ total revenue dipped.
APAC’s Top 20 banks' combined revenue up 4.3% in 2023
Japanese banks were the biggest winners whilst Chinese banks’ total revenue dipped.
Chinese banks’ net profits down 0.81% in Q1
Fees contracted for the first time in 5 years a quarter earlier.
Ant Int'l inks MOU to ramp up Saudi Arabia expansion
The Ministry of Investment of Saudi Arabia formally expressed support for Ant’s plans.
South Africa’s Absa Group expands to China
Absa Group will provide general advisory services to clients based in China.
Chinese banks dominant whilst Japan, South Korean banks’ assets falter
Australian and Singaporean banks’ assets remained steady, S&P’s study showed.
Alipay’s labor day outbound travel transactions up 77% in 2024
East Asia and Southeast Asia were the most preferred destinations.
What fuels China's digital economy surge
Rising incomes have led to higher consumer demand for seamless shopping experiences.
Depositors ‘flight to safety’ to benefit China Merchants Bank
Focus on wealth and deposits over loans has boosted its liquidity.
China banking focuses on credit structure optimisation
PwC said the sector needs to continue to implement strategic initiatives.
Bank of Singapore HK names ex-chief of Credit Suisse HK as its new chief executive
Rickie Chan succeeds Cindy Wong, who will serve as advisor until 31 May.
China boosts financial services to advance new industrialisation
Insurance funds should provide long-term stable financial support.
Revised rules bolster car loans but with influx of lower quality borrowers
The asset quality of auto finance companies will be tested.
Weak home sales risk worsening Chinese banks' bad loans
Banks’ property loan exposure is expected to fall 6% amidst ongoing caution.
China investment banks report dismal fees as IPOs and M&As fall to decade low
Banks only raised $3.1b in fees from IPOs– a 78% decline from Q1 2023.
ICBC planning $5.5b loss absorbing bonds sale: report
The world’s largest bank by assets is likely to issue CNY20b.
Ant Group seeks to boost foreign payment accessibility in China
The group plans to expand bilingual support, amongst other enhancements.
Postal Savings Bank of China faces ROAA decline but sustains strong fee income
Adequate provisions to buoy resilient asset quality.
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Why Philippine banks, insurers embrace hyper-personalized services
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Insurance
Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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