China
China tops global mobile wallets usage
The country’s transaction value will hit $793.6b this year.
Chinese banks' asset quality to deteriorate in 2020
Officials have ordered banks to lower lending rates and extend deadlines amidst the epidemic.
China's lenders to allow higher bad loans for COVID-19-hit firms
The People’s Bank of China will support qualified firms in order to resume production.
Baoshang Bank's asset sale will dampen contagion risk: Moody's
Huishang Bank plans to buy some of its assets and form a new bank.
Asian bankers ready for nCov deal droughts
Several auctions and potential Chinese IPOs are being delayed or re-assessed.
Chinese financial firms face heightened risk from coronavirus outbreak
A significant loosening in the monetary policy will exert additional pressure on bank capital.
China banks' NPL ratio could rise up above 6% if nCov outbreak persists
This could lead to shaving off 378 basis points from the sector’s capital adequacy ratio.
China's fintech lending to grow 16% between 2017 and 2023
But weak regulations still slip through the cracks.
China leads global digital payments as market hits $4.7t in 2020
The country is expected to have 49% of the global share by 2023.
China fintech deals clinch 67.1% of Asian fintech investments in 2015-19
15 deals during the period were valued above $1b.
Chinese banks' asset performance deteriorates
Asset and loan growth slipped to 8.9% and 12.8% YoY in September, respectively.
Denmark's Saxo Bank establishes joint fintech venture with Chinese auto firm Geely
It will provide financial and regulatory tech solutions to banks and fintechs in China.
Chinese financial firms' asset quality under duress amidst sluggish credit growth
Credit pressure variations affect small banks, distressed asset management and leasing firms.
China's shadow banking assets shrinks to $8.42t in Q3
These assets now only account for 62% of the nominal GDP from 68% in 2018.
China to list 10 commercial banks as D-SIBS
The ‘big’ four banks are likely to fall one rank below being identified as most systemically important.
Retail investors opt out of Postal Savings Bank of China's Shanghai listing
China’s biggest bank by branches is seeking up to $4b in proceeds.
Chinese regulation on ‘too big to fail' banks could reduce financial risk: analysts
It will improve transparency in the sector.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
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The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
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1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Events
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