China
Citibank granted domestic fund custody licence in China
The bank can now provide custody services to Chinese mutual and private funds.
Citibank granted domestic fund custody licence in China
The bank can now provide custody services to Chinese mutual and private funds.
Chinese banks with more shrewd NPLs see slim earnings hike
But banks are still likely to slash dividends.
Huge capital gap hounds China's big banks
The gap could expand up to $943b by 2024.
Chinese banks' liquidity still enough despite key metrics slumping
Asset quality grew 10.8% in Q2 from 9.4% a year earlier.
China's megabanks ramp up employment despite falling profits
The Agricultural Bank of China has already hired 4,500 people.
Chinese banks face first H1 profit drop in a decade
The regulator has urged banks to recognise bad loans and hike buffers.
China's new loan prime rate to further hurt banks' profitability
The decline in average loan yields will deepen as more loans are repriced.
PBOC injects cash into banks to ease stress
It added $101b (CNY700b) of one-year funding via the medium-term lending facility.
China's P2P online lenders owe over $115b to investors
They have also dropped to just 29 across the country.
Relief extension for Chinese shadow banks beneficial but limited: Fitch
It will not offset the impact of investor risk aversion.
Return of private placements boost Chinese regional banks' capital
They allow for tailored government participation in bank recapitalisation.
HSBC to hire up to 3,000 wealth planners in China
The first 100 people have already started in Guangzhou and Shanghai.
Chinese banks should shift from SWIFT as sanctions loom: report
Higher usage of the country's own payments network would cut its exposure to the US.
Harnessing the power of AI to accelerate financial inclusion
There is a popular analogy comparing artificial intelligence (AI) to electricity. Just like the role of electricity during the second industrial revolution, AI has the same potential to greatly transform how industries function and benefit humankind. However, this analogy in my opinion is over-simplified. The power of AI is much harder to standardize and harness, and it requires a far more collaborative effort to bridge existing gaps between academic research and solving real-world problems.
Chinese banks' capital gap to foil economy boost
Inefficient credit could potentially lead to high systemwide divide.
HSBC denies Chinese media report it ‘framed' Huawei: report
People’s Daily accused the lender of lying about the tech giant.
APAC banks face $1.27t in credit losses over the next two years
Chinese banks will account for $398b losses in 2020.
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