China
Revised rules bolster car loans but with influx of lower quality borrowers
The asset quality of auto finance companies will be tested.
Revised rules bolster car loans but with influx of lower quality borrowers
The asset quality of auto finance companies will be tested.
Weak home sales risk worsening Chinese banks' bad loans
Banks’ property loan exposure is expected to fall 6% amidst ongoing caution.
China investment banks report dismal fees as IPOs and M&As fall to decade low
Banks only raised $3.1b in fees from IPOs– a 78% decline from Q1 2023.
ICBC planning $5.5b loss absorbing bonds sale: report
The world’s largest bank by assets is likely to issue CNY20b.
Ant Group seeks to boost foreign payment accessibility in China
The group plans to expand bilingual support, amongst other enhancements.
Postal Savings Bank of China faces ROAA decline but sustains strong fee income
Adequate provisions to buoy resilient asset quality.
Lower interest rates and property woes weigh on Bank of China’s profits
Net interest margin fell, although at a lower decline than other Chinese megabanks.
China Merchants Bank says it’s “challenging” to achieve Q1 earnings growth
The bank is bracing for a margin squeeze and guided for tepid fee income.
Mandated property lending poses challenges for Agricultural Bank of China
ABC also faces a moderate decline in profits following recent rate cuts.
Tighter interest margins and rising bad loans weigh on CCB
The non-performing asset ratio is expected to rise to 4.48% in 2024.
Chart of the Week: 2 in 3 e-commerce transactions in China use alternative payments
Alternative payments make up 67% of the market share.
Hong Kong’s wealthy plan to spend HK$870,000 in 2024 travels
Tokyo is their top destination of choice.
Ping An Bank with enough capital for proposed higher dividends: analyst
The China-based bank has proposed to pay a 30% dividend in 2023.
Mastercard and Alipay enable real-time remittance in over 180 markets
Alipay’s 1 billion users in China can now transfer and pay with over 150 currencies.
Citi appoints Lin Hai as head of China commercial bank business
Lin was most recently head of corporate sales & solutions for China and HK.
Investor demand for China’s wealth management product still muted
Balance may grow in 2024, according to Fitch Ratings.
Ant Group raises transaction limits in China for foreign users
Ten partner wallets can now enjoy the increased limits.
Thought Leadership Centre
In Association with
In Association with
Most Read
1. OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses 2. DBS, UnionPay launch multi-currency debit card 3. Southeast Asia’s digital banks – the road from good to great 4. Maybank rolls out green financial advisory service to SEA SMEs 5. Morgan Stanley opens Southeast Asia headquarters in SingaporeResource Center
Read Here
Advertise
Sign Up
Event News
Event News
Principled AI key to transformation of financial services
![Principled AI key to transformation of financial services]()
Information Technology
Companies must be transparent and fair to maintain trust and mitigate reputational risks.
Companies must be transparent and fair to maintain trust and mitigate reputational risks.
Videos
Partner Sites
Thought Leadership Centre
In Association with
In Association with
Commentary
Southeast Asia’s digital banks – the road from good to great
Reshaping fraud detection in Asian finance with knowledge graphs
Why is willful default a growing threat to Bangladesh’s financial stability?
Mobile Wallets are Southeast Asia’s Pathway to Financial Inclusion