China
China’s card payments market to hit $34t by 2025
The market is expected to register a strong growth of 17% in 2022.
China’s card payments market to hit $34t by 2025
The market is expected to register a strong growth of 17% in 2022.
UOB injects $316m in capital to China subsidiary
Capital will be used to develop cross-border services and push sustainability strategy.
Recent rate cuts to shave off $7.2b from Chinese banks’ net interest income
The impact on mortgage loans will not be felt until January 2023.
Payments platform Yeahka is China’s top non-bank QR payment service
Transaction size reached $156.24b in 2021.
Financial institutions key for energy investments, B&R Initiative to go green: PwC
Decisions on green finance now will lock in emissions trajectories for decades.
Relaxed monetary policies impart little boost on new lending in China
Banks remain cautious over credit quality–and further cuts will do little to change their minds.
China’s new foreign-friendly financial market brimming with opportunities, but limits still abound
If authorities remove the “execution-only” restriction in WM Connect, money flows in the channel could grow ten times bigger than the $22.5b quota, says EY’s Christine Lin.
Weekly Global News Wrap: JP Morgan CEO apologises for CPP joke; Leadership shake-up tests Mexico’s financial regulator
And China urges lenders to extend support to advanced manufacturers, other industries.
Wider adoption of e-CNY poses risks to China’s banking system: Moody’s
Digital renminbi will test banks’ ability to address risks.
China offers banks cheap funding for lending to green firms
The central bank is willing to lend 60% of the required funds at a 1.75% rate.
HSBC ahead of China wealth hiring targets, mulls re-entering India private banking
By end-2021, HSBC will have 64 working in its China onshore private banking.
What’s in store for the decentralised crypto industry with China’s growing antagonism?
China's stance may be concerning today, but won't affect the global industry in the long run.
China deems 19 banks 'too big to fail'
These banks face new capital and regulatory requirements.
Barclays appoints Angela Liu as CEO of China operations
Liu is tasked with strengthening the bank’s cross-border CIB platform in China.
China mulls adding crypto mining to 'negative list' of industries: report
Industries under the list are deemed off-limits for investments.
China’s shadow banking assets will shrink to eight-year low in H2: Moody’s
Tighter regulations will drive a wedge in the connection between banks and NBFIs.
Bank of China urged to stop funding coal projects overseas
The alliance, made up of 35 NGOs, noted the bank’s alleged lack of a public policy to reduce coal investments.
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