China

The regulator has urged banks to recognise bad loans and hike buffers.

The decline in average loan yields will deepen as more loans are repriced.

It added $101b (CNY700b) of one-year funding via the medium-term lending facility.

They have also dropped to just 29 across the country.

It will not offset the impact of investor risk aversion.

They allow for tailored government participation in bank recapitalisation.

The first 100 people have already started in Guangzhou and Shanghai.

Higher usage of the country's own payments network would cut its exposure to the US.

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.

Inefficient credit could potentially lead to high systemwide divide.

People’s Daily accused the lender of lying about the tech giant.

Chinese banks will account for $398b losses in 2020.

Metrics include green finance share of total business mix.

This is a part of a crackdown on conglomerate-posed systemic risks.

The bank will digitalise their retail banking segment under his leadership.

The easing would free up funds for loans to support the economy.