China
Alipay enables in-store payments using AR glasses in China
Alipay enables in-store payments using AR glasses in China
Users will confirm payments using their voice.
3 days ago
ANZ names Lachlan Halstead as country head for ANZ China
Halstead had formerly served as country head for ANZ Papua New Guinea.
4 days ago
Bank of Ningbo’s established regional presence supports profitability
It reportedly has a good local presence.
5 days ago
Chinese banks to weather trade-related strains: S&P
Regional banks in coastal provinces are likely to see greater pressure than megabanks.
Shenzhen Rural Commercial Bank’s returns to decline slightly through 2026
Net interest margin and loan pressures will weigh on the bank’s asset quality.
Citi to slash 3,500 jobs in China
Layoffs will affect its global tech solution centres in Shanghai and Dalian.
Citi nabs BofA banker to lead Chinese banking operations
Wenjie Zhang will join Citibank (China) in July 2025.
China’s property market stabilisation is good news for lenders
But regional banks will still struggle, as recovery of lower-tier cities is still “lagging.”
China remains committed to supporting megabanks: analyst
The megabanks are expected to expand lending to support “national priorities.”
Chinese banks’ annual credit loses to average $353b in next two years
Nonperforming assets and bad debt are expected to rise.
Wealth managers must address safe-haven shift of wealthy Chinese investors: analyst
Over a quarter of HNWs’ wealth are parked in low-risk assets.
Total spending in China via Alipay’s overseas wallets doubled during Labor Day holiday
Alipay Tap! also saw a 50% rise in spending during the period.
Alipay’s QR payment tap solution surpasses 100 million users
Ant Group said that it is investing CNY10b to grow the Alipay Tap! ecosystem.
Trade tension woes may hurt Chongqing Rural Comm Bank’s net profits
The bank’s EPS may fall by 1.8% or grow by as much as 1.5% this year.
HSBC China unveils wealth centre in Hangzhou
The wealth centres have an average size of 1,800 sqm, and are upgraded from traditional branches.
Chinese state banks’ enhanced policy roles increases support prospects
Banks are expected to log moderate credit growth and no increase in risk appetite.
China’s SOE banks to manage tariff risks and weakening trade
Manufacturing is a problem, but capital raising should help keep dividend payout ratios.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
