China

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.

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.

The gain will likely last for the short term.

Outstanding non-performing loans totalled $514b in end-June.

China has become a significant market for the bank.

The economy has rebounded but demand roadblocks are still present.

The PBOC hopes to keep systematic risks at bay.

This is the highest value attained for a first half period since 2000.

Such disclosures would be a regular fixture, the regulator said.

But prolonged travel restrictions could lessen parent groups’ commitment.

The State Council’s unclear directive could have bigger implications.

It makes up 60.3% of nominal GDP as of Q1.