China
TransferWise partners with Alipay
The platform will grant instant money transfers to China in 17 currencies.
TransferWise partners with Alipay
The platform will grant instant money transfers to China in 17 currencies.
HSBC confirms COVID-19 case in China, London offices
These cases are unrelated, interim CEO Noel Quinn said.
Ant Financial buys minority stake in Swedish fintech Klarna
The stake was acquired for an undisclosed amount.
China lets banks waive bad loans from COVID-hit firms
Qualified businesses can apply for delays until end-Q2.
Chinese banks' latest LPR cut to derail NIMs, profits
Loan prime rate dropped 10 basis points to 4.05% on February 20.
Chart of the Week: China gradually opens up $16.5t card market to foreign players
Card payments value is expected to grow 11% CAGR to $25.9t by 2023.
Coronavirus outbreak pushes back funds for China's state finance firms
But they will continue to get government support given their involvement in public infrastructure.
Central bank's push for economic support a blow to Chinese banks
The PBOC has depended on banks for debt reprieve to virus-hit firms.
COVID-19 outbreak may double Chinese banks' questionable loans
The loosening of regulations is a setback on China’s reformation efforts.
J.P Morgan appoints new corporate banking head in China
J.P. Morgan has appointed Tim Huang as the head of corporate banking in China, the bank announced in a press release.
China tops global mobile wallets usage
The country’s transaction value will hit $793.6b this year.
Chinese banks' asset quality to deteriorate in 2020
Officials have ordered banks to lower lending rates and extend deadlines amidst the epidemic.
China's lenders to allow higher bad loans for COVID-19-hit firms
The People’s Bank of China will support qualified firms in order to resume production.
Baoshang Bank's asset sale will dampen contagion risk: Moody's
Huishang Bank plans to buy some of its assets and form a new bank.
Asian bankers ready for nCov deal droughts
Several auctions and potential Chinese IPOs are being delayed or re-assessed.
Chinese financial firms face heightened risk from coronavirus outbreak
A significant loosening in the monetary policy will exert additional pressure on bank capital.
China banks' NPL ratio could rise up above 6% if nCov outbreak persists
This could lead to shaving off 378 basis points from the sector’s capital adequacy ratio.
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