China
Bank of Singapore appoints wealth planning head for Greater China
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.
Could China’s financial infrastructure play 'white knight' to embattled Russia?
Any move to play saviour could also damage China, warns Natixis.
Chinese banks urged to support affordable rental housing dev't: report
This comes after Beijing vowed to keep the property market stable.
China’s card payments market to hit $34t by 2025
The market is expected to register a strong growth of 17% in 2022.
UOB injects $316m in capital to China subsidiary
Capital will be used to develop cross-border services and push sustainability strategy.
Recent rate cuts to shave off $7.2b from Chinese banks’ net interest income
The impact on mortgage loans will not be felt until January 2023.
Payments platform Yeahka is China’s top non-bank QR payment service
Transaction size reached $156.24b in 2021.
Financial institutions key for energy investments, B&R Initiative to go green: PwC
Decisions on green finance now will lock in emissions trajectories for decades.
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