China
China’s big four banks saw market value growth in Q4
But capital ratios and loan-to-deposit ratios declined during the year.
China’s big four banks saw market value growth in Q4
But capital ratios and loan-to-deposit ratios declined during the year.
Zhongzhi bankruptcy amplify contagion risks of non-bank wealth management products: analyst
Shadow bank Zhongzhi filed for bankruptcy in January 2024.
Expect ‘stagnant’ Chinese structure finance market in 2024: S&P
Issuance momentum of dominant segments will reportedly remain slow.
Partner insurer payout leaps 23% YoY through Ant Group's insurance arm
Health insurance claims contributed about 5 million claims processed by partner insurers on Ant Insurance
Deutsche Bank raises US$141m from second Panda Bond issuance
The German issuer had earlier raised US$143m in January.
Bank of Singapore names Credit Suisse HK chief exec as new GC private banking head
Rickie Chan was also Credit Suisse’s head of global wealth management for Greater China.
Mastercard can commence domestic bankcard clearing activity in China
This follows after authorities first approved Mastercard NUCC’s application in 2020.
Citi sells $3.6b China consumer wealth portfolio to HSBC
The deal does not include the bank’s institutional business.
Schroders SG, KBank launch China Private Equity Fund in Thailand
The fund offers investors access to China’s RMB private equity market.
Shanghai’s Fuiou Pay, Visa team up to offer cross-border funds collection, settlements
Customers can now access more than 30 currencies at competitive FX rates.
OCBC names new Greater China head, OCBC Wing Hang China CEO
Wang Ke and Ang Eng Siong are stepping up to their new roles on 1 November.
Golden Week drives Alipay spending by Chinese tourists
The average spending has surpassed pre-COVID-19 levels
Citi sells onshore consumer wealth portfolio to HSBC Bank China
The transaction is estimated at $3.6b.
MUFG names ex-JPMorgan banker as managing director of GCIB China
He has served several senior roles in JPMorgan Chase Bank China.
10 overseas e-wallets now usable in China
Alipay+-in-China’s programme added seven new Asian e-wallets.
170 int'l wallets accepted by UnionPay, China
Hong Kong and Macau residents can now use UnionPay App, Octopus card, and BoC Pay.
Citibank China clinches Futures Margin Depository Bank approval
It is the first American bank to clinch the approval.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
![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. Cambodian banks breach covenants as bad loans surge 3. MAS, IBF working on gen AI job impact map 4. Australia’s P&N Bank scraps proposed merger with Beyond Bank 5. Australia’s P&N, Beyond Bank likely to seek other merger opportunitiesEvents
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