China
Opening a new chapter in Asia's digital banking boom with e-KYC
The World Bank estimated that over 1.7 billion individuals remain unbanked today. The trend is reflected in Southeast Asia, where more than 70% of its adult population is either underbanked or unbanked, despite being one of the world’s largest and fastest growing regions, according to a study by Google, Temasek, Bain & Company on Asia's digital financial services.
Opening a new chapter in Asia's digital banking boom with e-KYC
The World Bank estimated that over 1.7 billion individuals remain unbanked today. The trend is reflected in Southeast Asia, where more than 70% of its adult population is either underbanked or unbanked, despite being one of the world’s largest and fastest growing regions, according to a study by Google, Temasek, Bain & Company on Asia's digital financial services.
China's credit growth peaks as PBOC brakes on easing
The gain will likely last for the short term.
Chinese banks should brace for bad loans: CBIRC
Outstanding non-performing loans totalled $514b in end-June.
Credit Suisse wants whole stake in China securities venture
China has become a significant market for the bank.
Liquidity to buoy rising momentum of Chinese banks: analysts
The economy has rebounded but demand roadblocks are still present.
China imposes pre-checks on large bank transactions
The PBOC hopes to keep systematic risks at bay.
APAC investment banking fees reach record $11.6b in H1
This is the highest value attained for a first half period since 2000.
China exposes 38 errant shareholders of financial institutions
Such disclosures would be a regular fixture, the regulator said.
Chinese bank-owned finance leasing firms fall back on parent support: S&P
But prolonged travel restrictions could lessen parent groups’ commitment.
China's order may endanger banks' long-term profit outlook
The State Council’s unclear directive could have bigger implications.
China's shadow banking assets grew for the first time in 2.5 years
It makes up 60.3% of nominal GDP as of Q1.
J.P. Morgan to operate China's first fully foreign-owned futures business
This is part of China’s bid to open its financial market to foreign players.
Chinese banks to give up $211b in profits, face asset yield decline
They are likely to surrender up to $197b in income.
China pushes banks to sacrifice profits: report
The move shows concerns about its ability to recover after the pandemic.
Chinese banks face headwinds in Q1, but asset growth rebounds
Asset quality tightened but is yet to reflect the effects of the pandemic.
Deutsche Bank names new head of China corporate cash management
Alvin Ho will oversee the cash management sales in the country.
China's new funding facilities carries risk asset for eligible banks
Credit risks will still accumulate from inclusive loans, analysts warned.
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