China
HSBC China unveils wealth centre in Hangzhou
HSBC China unveils wealth centre in Hangzhou
The wealth centres have an average size of 1,800 sqm, and are upgraded from traditional branches.
6 days ago
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.
Chinese banks face $341b annual credit losses from tariff strains
Banks’ nonperforming assets are expected to peak at 5.9% in 2026.
ICBC’s risk diversification supports resilience amidst China’s slowdown
Capitalization should be sufficient despite ICBC not being included in the first round of the government’s capital injection.
China’s Big 5 banks expected to boost lending with capital support
Fee income may also recover if new stimulus policies are effective, said CreditSights.
CITIC Limited logs 1.1% YoY profit rise to $8.01b in 2024
Earnings per share is RMB2.00, whilst the final dividend proposed is RMB0.36 per share.
PSBC’s capital boost strengthens funding for rural and SME financing
Low capital has constrained PSBC’s growth in its niche area of rural and inclusive finance.
Bank of East Asia names Bi Ming-qiang as chief executive of BEA China
Bi was formerly CEO, executive director, and president of China CITIC Bank International.
China Citic Bank stays resilient with lower exposure to risky sectors
The bank is less vulnerable to challenges from the property and retail banking segments.
China’s ICBC still world’s most valuable bank brand: study
Brand value went up 10% during the year.
ICBC launches $11.04b tech and innovation fund
It will support “hard technology” such as semiconductors and advanced manufacturing.
Proposed capital injection to help Chinese megabanks expand loans
It will mitigate pressure from weakening internal capital generation, S&P said.
Bank of East Asia officially opens Global Services Centre
It is an IT Development & Test Centre for fintech solutions and AI adoption.
Chinese banks’ DeepSeek adoption brings risk management challenges
DeepSeek’s lower cost will widen gen AI access in the banking sector, S&P said.
Fubon Bank to benefit from UOB’s China retail banking exit: S&P
Fubon has the economies of scale to get more traction out of the business.
Alipay enables Amex card linking to pay in China
Alipay now enables 7 international card brands to pay in China.
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