China
Hong Leong Bank may reduce China stake as investment pays off
Hong Leong Bank may reduce China stake as investment pays off
Its group earnings edge on overreliance on the Bank of Chengdu’s contribution.
Ant Group unveils AI financial manager Maxiaoca
It has attracted 70 million monthly active users as of August 2024.
Mobile payments by tourists in China rise sixfold
The number of international tourists using mobile payment services quadrupled.
Risk mgmt efforts to preserve Citic Group’s capital vs profit pressures
Banking subsidiary to manage “modest growth appetite” despite narrowing margins.
Net interest margin to strain China Construction Bank’s profitability
Lower provisions could help offset earnings pressures.
Bank of China to weather potential losses, asset quality strains: S&P
Bad loans ratio for its mainland property loans has shrunk to 4.94% in June 2024.
Agricultural Bank of China to withstand property crunch
Exposure to the mainland property sector has shrunk to 3.67% of its loan book.
Chinese banks’ assets, profits expand in Q2
Assets of large commercial banks expanded 7.9% during the quarter.
PwC loses Bank of China as client: report
Bank of China plans to appoint EY as its auditor for 2024.
Chinese banks’ Q2 earnings subdued as balance sheet growth decelerates
But NIM and asset quality pressures are improving.
Top banks’ market cap up 5.4% in Q2
China’s big four banks saw growth although NIMs fell.
Chinese banks must move from size reliance to sustain profits
Most struggle to diversify their income sources as they seek short-term growth.
Mergers and closures loom for China's 3,800 rural banks
About 70 rural banks have already undergone mergers since 2023.
ANZ China’s outlook stable amidst strategic position
It is expected to maintain its capital buffer over the next two years.
Let China’s small banks fail– analyst
China should follow Spain's footsteps and establish a fund pool against bankruptcies.
MUFG Bank China names new deputy president
Benjamin Lam brings over 30 years of experience in his new role.
China’s investment banking fees drop 33% as ECM falls to 15-year low
The value of IPOs by Chinese issuers also fell to a decade low.
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
