China
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.
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.
China push to stimulate consumption may need more time
For banks, the lower mortgage rates could hurt profits in the short term.
Chinese banks’ earnings decline narrow, but retail NPLs could be an issue
Earnings of 16 large banks are 0.5% lower than in H1 2023.
China’s big four banks face $100b shortfall in loss-absorbing capital
The banks have not yet met their required loss-absorbing capacity levels.
Chinese small bank M&As to ramp up: Fitch
The lack of large banks in the mergers is to avoid contagion risks.
Hong Leong Bank may reduce China stake as investment pays off
Its group earnings edge on overreliance on the Bank of Chengdu’s contribution.
Ant Group unveils AI financial manager Maxiaoca
It has attracted 70 million monthly active users as of August 2024.
Mobile payments by tourists in China rise sixfold
The number of international tourists using mobile payment services quadrupled.
Risk mgmt efforts to preserve Citic Group’s capital vs profit pressures
Banking subsidiary to manage “modest growth appetite” despite narrowing margins.
Net interest margin to strain China Construction Bank’s profitability
Lower provisions could help offset earnings pressures.
Thought Leadership Centre
In Association with
In Association with
Most Read
1. OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses 2. DBS, UnionPay launch multi-currency debit card 3. Southeast Asia’s digital banks – the road from good to great 4. Maybank rolls out green financial advisory service to SEA SMEs 5. Morgan Stanley opens Southeast Asia headquarters in SingaporeResource Center
Read Here
Advertise
Sign Up
Event News
Event News
Principled AI key to transformation of financial services
![Principled AI key to transformation of financial services]()
Information Technology
Companies must be transparent and fair to maintain trust and mitigate reputational risks.
Companies must be transparent and fair to maintain trust and mitigate reputational risks.
Videos
Partner Sites
Thought Leadership Centre
In Association with
In Association with
Commentary
Southeast Asia’s digital banks – the road from good to great
Reshaping fraud detection in Asian finance with knowledge graphs
Why is willful default a growing threat to Bangladesh’s financial stability?
Mobile Wallets are Southeast Asia’s Pathway to Financial Inclusion