China
Chinese banks post net profit, operating income growth in 2019: report
Chinese banks post net profit, operating income growth in 2019: report
Sample size was equivalent to 71.37% of total assets and 76.77% of net profit.
Coronavirus to amplify hierarchy in Chinese banks: analysis
Banks with high exposure to SMEs will bear the brunt of the epidemic.
Chinese banks post loan recovery in March, but further growth unlikely
A fiscal stimulus is needed to spur demand.
China shadow banking credit down $42b amidst pandemic disruption
A 5% dip in core shadow credit triggered the fall.
ICBC resilient against pandemic drawbacks: analysis
But it may have a hard time sustaining its 2019 net profit growth.
Chinese central bank's RRR cut raises banks' asset yields: analysts
Higher asset yields will relieve pressure on profitability.
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.
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1. Philippine central bank gears up for instant cross-border transfers 2. AXA launches digital insurance with Ant Bank, AlipayHK tie-up 3. UOB widens sustainable financing access for SMEs 4. HSBC Singapore launches premium credit card for wealthy clients 5. Tighter fintech watch likely after Chocolate Finance falloutResource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Why high capital levels are a double-edged sword for Singapore banks