China

Card payments are set to rise as economic activities gathers pace.

It is planning to add over 400 new people in its headcount in 2021 alone.

Sisi Yu gives us a glimpse of how banks can achieve higher performance through improved services.

Chinese people showed little interest in switching from mobile payment systems of Ant, Tencent.

S&P’s list of the region’s 50 largest banks saw 6 Chinese and 4 Japanese banks up top, whilst Australian banks slid down.

The bank said that it has served over 35.07 million SMEs in 2020.

Pre-clampdown, the group’s valuation is at $320b, according to Bloomberg Intelligence.

It will become SZRCB’s largest shareholder upon the deal’s completion.

Johnson Yuan takes over from Liu Lihong, who is transferring to Japan.

The surge in lending during the first two months of the year stoked bubble risks.

The surge in lending during the first two months of the year stoked bubble risks.

Additional schemes could stifle growth of cross-provincial borrowing. China’s leading non-banking financial firms face the risk of antitrust investigations and forced divestitures once the country’s new regulations come into play, also potentially hindering cross-provincial lending, consumer borrowing, and the growth of the country’s online microlenders.

The rules will also hopefully insulate firms' finances from other risks.

And Coupang’s IPO is set to be the largest listing by a Korean firm in a decade.

However, there may be risks over the immediate term due to new COVID-19 wave.

The Industrial & Commercial Bank of China has almost $5t in total assets.