China
Alipay’s agentic-powered AI Pay exceeds 120 million transactions
Alipay’s agentic-powered AI Pay exceeds 120 million transactions
AI Pay is being used by Luckin Coffee and Rokid, amongst others.
3 days ago
Close gov’t supervision driving Evergrowing Bank risk upgrades
S&P flags legacy loan strain despite Shandong oversight push.
LSEG expands China reach with ICBC deal
The MoU covers RMB services, trading, clearing, and FTSE Russell
UnionPay links 25 foreign wallets to Weixin Pay as China QR use surges
Global travellers can use domestic cards on Weixin Pay QR network
China bank asset quality risks surge on state lending
Relending rates fell by 25 bps to relieve funding pressure on micro and small enterprises.
China Bohai Bank faces high asset risk from retail and investment loans
Its NPL ratio rose 5 basis points in June 2025 compared to six months prior.
CZBANK stays stable but property risks spark new NPL threat
Net interest margin narrowed in 9M 2025, but this is expected to slow, Moody’s said.
CMB seen as top winner in China’s wealth reallocation, CGSI says
CGSI expects the bank to benefit from stronger demand for wealth management and bancassurance products.
Chinese banks defy Vanke contagion as S&P forecasts 4% growth
Weak-loan ratios are currently performing better than the agency had previously anticipated.
HSBC China takes wealth management to new heights
Its wealth centres, comprehensive solutions, and digital tools are at the core of its strategy.
Apple Pay opens China Visa cards as NFC hits 79%
The rollout starts with ICBC BOC ABC BoCom CMB CITIC Ping An and Industrial Bank.
CITIC leads China investment banking fees as market hits 3-year high
It retained its position as the top financial institution in terms of IB fees raised.
China investment banking rebounds to $15.4b fees
Government-backed deals drive $474 billion China M&A boom
PAObank assets more than double, gets $64.2m capital
PAObank chief executive Ronald Iu said the capital injection reflects shareholder support.
CITIC Bank to maintain stable profits and capital but at risk from bad loans
Asset quality should remain stable in 2026 and even through mid-2027.
Industrial Bank outlook steady as profitability holds near 2024 levels
NIM narrowing is expected to slow in the next 12-18 months.
Tencent’s TenPay Global opens WeChat mini programs to overseas wallets
Visitors from other countries may now use their homegrown wallets inside Mainland China.
Commentary
Asia’s banks hold the mandate to innovate. Now they must earn it.
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Digital transformation starts with leadership