China
Mortgage boycott threatens Chinese banks’ loan quality
Mortgage boycott threatens Chinese banks’ loan quality
This highlights the need to tighten regulatory oversight of escrow accounts, Fitch said.
Chinese depositors call to release savings from frozen assets of 6 rural banks: report
The head of these banks' parent company is on the run and wanted for financial crime.
Dah Sing Bank partners with Japan’s Norinchukin to promote Japanese food, agri products
Dah Sing’s board has also appointed Junji Mori and Yuichi Tashita of Norinchukin as managers.
DBS appoints ex-Vickers HK CEO as head of private banking, Greater China
Carol Wu has been with DBS for 14 years.
Chinese banks face tough balancing act of keeping profits, buoying economy
Smaller banks face being left in weaker financial positions, Natixis warns.
Does geopolitics heighten risks of an East-West divide in the financial industry?
HSBC’s potential Asia split may signal that decoupling between the West and China is growing.
Real estate woes threaten Chinese banks’ profits: Natixis
Bad loans are growing whilst new regulations' effects are yet to reflect.
Bank of Singapore appoints wealth planning head for Greater China
The bank has also hired a senior wealth planner, to be based in Singapore.
Mastercard forms Greater China Division
Greater China Division President Dennis Chang will serve as its head.
Less payment delays, longer overdue payments in China
9 in 13 sectors reported an increase in payment delays.
Standard Chartered opens US$40m Greater Bay Area Centre in Guangzhou
More than 700 employees are now based in the GBA Centre.
Chinese banks report double-digit profit growth in 2021
But they also face a difficult 2022 due to a triple whammy of challenges.
Lockdowns, travel bans hurl new headwinds at banks in China, HK
Banks are expected to perform well in Q1, but market risks are on the rise.
China’s largest banks resilient to negative shocks in 2022: Natixis
Government stimulus is expected to support loan growth throughout the year.
Bank of China shifts attention back to mainland for growth: S&P
Traction from its wealth management business will support profits.
DBS China appoints Ginger Cheng as new CEO
Current CEO Neil Ge will be retiring from the bank at the end-June 2022.
Chinese banks seek workarounds amidst sanctions against Russia: report
Top banks reportedly mull passing some of their business to small domestic-focused peers to avoid secondary sanctions.
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