China
Alipay’s labor day outbound travel transactions up 77% in 2024
Alipay’s labor day outbound travel transactions up 77% in 2024
East Asia and Southeast Asia were the most preferred destinations.
What fuels China's digital economy surge
Rising incomes have led to higher consumer demand for seamless shopping experiences.
Depositors ‘flight to safety’ to benefit China Merchants Bank
Focus on wealth and deposits over loans has boosted its liquidity.
China banking focuses on credit structure optimisation
PwC said the sector needs to continue to implement strategic initiatives.
Bank of Singapore HK names ex-chief of Credit Suisse HK as its new chief executive
Rickie Chan succeeds Cindy Wong, who will serve as advisor until 31 May.
China boosts financial services to advance new industrialisation
Insurance funds should provide long-term stable financial support.
Revised rules bolster car loans but with influx of lower quality borrowers
The asset quality of auto finance companies will be tested.
Weak home sales risk worsening Chinese banks' bad loans
Banks’ property loan exposure is expected to fall 6% amidst ongoing caution.
China investment banks report dismal fees as IPOs and M&As fall to decade low
Banks only raised $3.1b in fees from IPOs– a 78% decline from Q1 2023.
ICBC planning $5.5b loss absorbing bonds sale: report
The world’s largest bank by assets is likely to issue CNY20b.
Ant Group seeks to boost foreign payment accessibility in China
The group plans to expand bilingual support, amongst other enhancements.
Postal Savings Bank of China faces ROAA decline but sustains strong fee income
Adequate provisions to buoy resilient asset quality.
Lower interest rates and property woes weigh on Bank of China’s profits
Net interest margin fell, although at a lower decline than other Chinese megabanks.
China Merchants Bank says it’s “challenging” to achieve Q1 earnings growth
The bank is bracing for a margin squeeze and guided for tepid fee income.
Mandated property lending poses challenges for Agricultural Bank of China
ABC also faces a moderate decline in profits following recent rate cuts.
Tighter interest margins and rising bad loans weigh on CCB
The non-performing asset ratio is expected to rise to 4.48% in 2024.
Chart of the Week: 2 in 3 e-commerce transactions in China use alternative payments
Alternative payments make up 67% of the market share.
Thought Leadership Centre
Most Read
1. Citi expands AI rollout to Indonesia 2. Nine in 10 investors do not trust AI for investment decisions 3. SCB rolls out 24/7 USD clearing in Thailand with Citi Token Services 4. UOB and ANTA sign MOU for cardholder discounts 5. HSBC pilots digital structured product issuance in Hong KongResource Center
Read Here
Advertise
Sign Up
Event News
Banks can respond by moving toward a hybrid advisory model.
Commentary
How alternative data lending is reaching Southeast Asia's unscored MSMEs
Asia is leading payments modernisation and banks can't afford to fall behind
Investing in an inefficient market
Platinum cards, paper-thin compliance?
Energy price volatility highlights structural gaps for managing FX risk in APAC