China
Xtransfer ink MOU to offer cross-border financial services to African SMEs
Xtransfer ink MOU to offer cross-border financial services to African SMEs
Xtransfer will make use of Ecobank Group’s network in the continent.
Ant International names Jiang-Ming Yang as chief innovation officer
Yang led development of A+ Rewards, CoPilot, and EasySafePay for Antom.
HSBC cuts Philips’ currency transactions in China
‘Netting’ cut Philips’ cross-border transactions from 4,000 yearly to just one a month.
Weixin Pay users flock to Hong Kong, Japan for Spring Festival holiday
The use of promotions or “mini programs” doubled in Japan.
Alipay+ now connects over 1.6 billion users of 35 e-wallets, banks
The platform recently welcomed Kaspi.kz and BigPay.
Commonwealth Bank to sell stake in Bank of Hangzhou to insurer
The Australian bank could make about A$940m in proceeds.
Deutsche Bank, Yonyou ink MOU to enhance treasury management services
They aim to support the globalization strategies of Chinese enterprises.
Deposits in China rise 6.4% from households, NBFI deposits
RMB deposits rose over 2 trillion dollars from households and NBFIs.
Loans in China rise 7.2% in Dec 2024
Outstanding renminbi loans grew, but foreign currency loans dropped.
Citi names Jeff Wu as head of market sales for China
Wu will relocate to Shanghai.
China’s investment banking fees fall to lowest in 5 years
Only DCM underwriting fees saw growth.
Global banking industry faces headwinds amidst shifting monetary, political landscapes: BOC
It is expected to see pressures on profit growth and uneven expansion.
Embracing Change and Capturing Opportunities with Insights from Leading Chinese Banks
Banking Reimagined: Embracing Change and Capturing Opportunities with Insights from Leading Chinese Banks.
Ant Int’l sees growth in 4 divisions, Alipay+ holds 1.6 billion users
Cross-border transactions processed via Alipay+ tripled year-on-year in 2024.
China’s new yuan loans to have almost doubled in Nov: report
Banks are estimated to have issued $136.02b in new yuan loans.
New action plan to advance China's digital finance sector by 2027
It focuses on digitalising financial institutions and leveraging data and technology.
Bank of East Asia taps Bi Ming-qiang as deputy chief executive
He brings 27 years of experience in the banking sector.
Thought Leadership Centre
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1. DBS partners with Austrade to help Australian companies expand into SEA 2. BTN pitches Indonesia’s subsidized mortgage scheme as a sustainable finance model 3. Citi Singapore almost triples wealth transactions after digital revamp 4. ASIC issues warning to influencers promoting high-risk financial products 5. Hong Kong, China launch Payment Connect for faster cross-border paymentsResource Center
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He advises that fintechs must align tech investments with business goals and evolving customer expectations.
