China
Citi names Luke Lu as head of banking in China
He will oversee all of Citi’s business and operations in China.
Citi names Luke Lu as head of banking in China
He will oversee all of Citi’s business and operations in China.
Alipay+ unveils campaigns, promos for Chinese New Year
These include special voucher bundles of up to 90% off.
MUFG China clinches lead underwriting license for corporate panda bonds
It will be able to support clients to participate in bond issuance by offshore companies.
OCBC appoints ex-SMBC bankers as new China corporate banking head
Seth Tan brings over 27 years of experience into the role.
China’s big four banks saw market value growth in Q4
But capital ratios and loan-to-deposit ratios declined during the year.
Zhongzhi bankruptcy amplify contagion risks of non-bank wealth management products: analyst
Shadow bank Zhongzhi filed for bankruptcy in January 2024.
Expect ‘stagnant’ Chinese structure finance market in 2024: S&P
Issuance momentum of dominant segments will reportedly remain slow.
Partner insurer payout leaps 23% YoY through Ant Group's insurance arm
Health insurance claims contributed about 5 million claims processed by partner insurers on Ant Insurance
Deutsche Bank raises US$141m from second Panda Bond issuance
The German issuer had earlier raised US$143m in January.
Bank of Singapore names Credit Suisse HK chief exec as new GC private banking head
Rickie Chan was also Credit Suisse’s head of global wealth management for Greater China.
Mastercard can commence domestic bankcard clearing activity in China
This follows after authorities first approved Mastercard NUCC’s application in 2020.
Citi sells $3.6b China consumer wealth portfolio to HSBC
The deal does not include the bank’s institutional business.
Schroders SG, KBank launch China Private Equity Fund in Thailand
The fund offers investors access to China’s RMB private equity market.
Shanghai’s Fuiou Pay, Visa team up to offer cross-border funds collection, settlements
Customers can now access more than 30 currencies at competitive FX rates.
OCBC names new Greater China head, OCBC Wing Hang China CEO
Wang Ke and Ang Eng Siong are stepping up to their new roles on 1 November.
Golden Week drives Alipay spending by Chinese tourists
The average spending has surpassed pre-COVID-19 levels
Citi sells onshore consumer wealth portfolio to HSBC Bank China
The transaction is estimated at $3.6b.
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Why Philippine banks, insurers embrace hyper-personalized services
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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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