China

For financial institutions and customer-centric executives, it has never been more important to focus on the rapidly developing cards and payments market. Now Asia is set to lead a card acceptance revolution with China’s UnionPay governing the charge.

Find out what factors spurred the growth.

Loans were up RMB309.8b in January.

FSB passes Articles of Association and the Procedural Guidelines.

Lack of strategic options leads banks to reconsider additional investments in China’s banking sector.

Court cases on private financing jumped to 20,000 in 2012.

Customers who start a My Kid Savings Plan are entitled to a 1.75% interest rate.

Extends repayment of three-fourths of RMB4 trillion.

Said sector to gain boost from solid Chinese economy.

Emirates NBD launches renminbi accounts to support SMEs.

Wealth management products used to deceive investors.

Shrinking margins from traditional businesses goad Chinese banks into a new revenue stream.

Kee Joo Wong, HSBC’s Head of Payments and Cash Management in China, reveals some exclusive information.

Total profits climb to US$2 billion in 2012.

The total came to to US$21 trillion in 2012.

Liability will shift in Asia Pacific from 1 October 2015.