China

Digital payments and non-banking payment service providers are displacing them.

27% flagged the impact of trade tariffs on their businesses.

This exceeded analysts’ expectations of $197.9b.

AliPay and WeChat command 93.7% of the fintech market.

Household loans hit $92.25b.

The latest bailout of Bank of Jinzhou shows the intervention by the People's Bank of China (PBoC) on Baoshang Bank was not an isolated event. There are indeed fundamental solvency and liquidity issues for some small Chinese banks, widely influencing both bond market as well as broader financial sector.

Failure at the regional level may squeeze funding options for the NBFI sector.

City and village banks saw net profit grow 13.7% compared to 4.8% for the Big 4.

Insurers are lining up to snap up perpetual bonds, with $32.14b of such instruments already hitting the market.

He joins from Bank of Singapore.

With narrower loan margins, some banks may turn to riskier activities to boost earnings.

The move comes after the takeover of Baoshang Bank.

Around 5,600 branches were set up in far-flung communities.

Core shadow banking activities have dropped to $420b in 2018.

It will utilise a linked customs declarations number.

It was lower compared to the $180b worth of new loans expected by analysts.