China
Ant Int’l sees growth in 4 divisions, Alipay+ holds 1.6 billion users
Ant Int’l sees growth in 4 divisions, Alipay+ holds 1.6 billion users
Cross-border transactions processed via Alipay+ tripled year-on-year in 2024.
4 days ago
China’s new yuan loans to have almost doubled in Nov: report
Banks are estimated to have issued $136.02b in new yuan loans.
New action plan to advance China's digital finance sector by 2027
It focuses on digitalising financial institutions and leveraging data and technology.
Bank of East Asia taps Bi Ming-qiang as deputy chief executive
He brings 27 years of experience in the banking sector.
China's G-SIBs on track to meet minimum TLAC: Fitch
The five banks have issued about $110.12b in capital instruments yearly since 2019.
Deutsche Bank appoints Leo Yin as president of its China operations
He will report to Rose Zhu, chief country officer of Deutsche Bank China.
Chinese banks see improved earnings in Q3
Interest income and fee income declines narrowed.
China’s payment system gets boost from renminbi rise
African SMEs get the same level of service as large companies under a more open China.
China's financial sector intensifies efforts to stabilise economy
The transformation of the monetary policy framework has also accelerated.
Hong Leong Bank's profit outlook positive amidst SME lending boost
It is projected to maintain tangible common equity at approximately 14% of risk-weighted assets.
Hangzhou Finance and Investment cuts property asset dependence
S&P also forecasts HFIG’s debt-to-adjusted total equity (ATE) ratio to improve.
China Bohai Bank sells $4.1b in assets to reduce risk
This sale is executed at a 30% discount to face value.
OCBC’s Q3 2024 net profit rises 9% to $1.50b
Operating expenses rose 9% to $1.11b.
e-CNY expansion may curb banking income: S&P Global Ratings
It could reduce expenses for companies and facilitate international payments.
IATA to offer digital currencies in its financial settlement systems
It will being offering the digital renminbi in the China Billing and Settlement Plan.
China’s investment banking fees drop 25% in 9M 2024
ECM underwriting fees, M&A advisory fees, and syndicated lending fees all registered declines.
China property sector bailout to hit banks’ asset quality, solvency
Solving the issue of heightened inventory may cost 2.6% of China’s GDP.
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
