China
HSBC builds up China green finance team: report
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%.
CCB Asia, FWD launch enhanced bancassurance service with Open API
Customers can receive approval for their insurance policies in as fast as 1 working day.
Hang Seng China unfolds cross-boundary wealth management centre in GBA
It is the first cross-boundary wealth management in China.
CICC hosts China-Japan Finance and Eco-Forum, launches fixed income app
The conference discusses the industry’s key issues and opportunities in China, Japan and Asia.
Crédit Agricole CIB opens wholly foreign-owned enterprise in Mainland China
The business will focus on cross-border mergers and acquisitions, encompassing purchases, disposals and capital raising.
Credit Suisse clinches approval to launch wealth business in China: report
The Swiss bank is pushing to roll out its wealth business by the first half of 2023.
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Young consumers are changing financial norms and expectations.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?