China
Mastercard enables China visitors payment option through WeChat Pay
Inbound cross-border travel to China improved to around 50% of 2019 levels.
Mastercard enables China visitors payment option through WeChat Pay
Inbound cross-border travel to China improved to around 50% of 2019 levels.
China allegedly asks banks to delay dollar buying to slow yuan depreciation: report
The yuan hit an eight-month low in July.
Lower mortgage rates may have slight effect on Chinese banks and RMBS: Fitch Ratings
Policy adjustments to lower mortgage rates on existing loans could pressure Chinese banks' net interest margins and profitability.
Luxury travel retailer DFS taps Alipay+ to offer cross-border payments for Asian travellers
DFS and Alipay are also developing other membership offers and rewards.
China taps banks to bolster cross-border trade, offer financial support
Additional support will be provided for export-related credit insurance.
HSBC builds up China green finance team: report
It also mulls offering carbon offset products to customers, a source said.
Chart of the Week: 8 in 10 Chinese consumers use mobile wallets
High cost of POS terminals and insufficient payment infrastructure push e-wallet use.
Bank of Shanghai to have sound asset quality, profitability at 0.7%: Moody’s
The bank’s net income/tangible assets fell to 0.74% in 2022 due to a decline in net interest income and fee income.
Ping An Bank commits first loan for carbon capture project in China
The project is valued at RMB180m ($24.8m).
NIM to offset China CITIC Bank elevated credit costs: Moody’s
The reopening of mainland China will drive sales of wealth management and insurance products.
Alipay, Mastercard enables visitors to transact digitally in China
Regardless of the origin of their Mastercard card, travellers can opt to choose this payment method.
PwC, StanChart release analysis on CBDCs' role in future banking
The paper highlights CBDCs programmability and how they can revolutionise retail, trade, and supply chain finance.
China CITIC Bank, FWD Macau establish bancassurance partnership in Macau
This is their first bancassurance collaboration in Macau.
HSBC study: What type of wealth succession do Chinese entrepreneurs prefer?
56% of the surveyed hope to achieve risk isolation through family trusts.
How will China’s new rules on asset classification affect banks?
The new measures expand on classifying asset risks of banks.
Chinese banks' bad loans to hit $95b in 2024
Stress from property sector continues to weigh.
Revenue pressures to weigh on Chinese banks in 2023
Loan growth will remain tepid at 11%.
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