China
Standard Chartered clinches approval to set up securities firm in China
It will receive an initial capital injection of over $155m.
Standard Chartered clinches approval to set up securities firm in China
It will receive an initial capital injection of over $155m.
China overseas loan commitments dwindle as firms adapt “small is beautiful” approach
Only 28 new loan commitments were recorded in 2020 and 2021.
China’s big four banks $550m short of meeting loss provision
Expect a flurry of senior non-preferred issuance bonds from the lenders.
China reopening to push up demand for retail loans: analyst
China Merchants Bank will reap full benefits of the reopening.
Citi winds down China consumer banking business
The exit does not include its institutional business, Citi said.
Foreign banks in China face growth challenges in 2023: Fitch
Their share of system assets in 2021 is just 1.4%, with only a 0.5% growth.
China’s shadow banks scramble for new business as property credit collapses: report
One shadow banking employee saw his yearly pay plunge from $500,000 to $34,000.
Alternative payments make up 72% of China’s e-commerce market
The e-commerce market is expected to grow 10.5% in 2022.
China’s banking sector to polarize in 2023; weak banks face failure
Overall loan growth will come below 10% in 2023, says S&P.
Expect faster credit, more government issuance in China through 2022: ING
Government spending should continue to increase in order to provide enough job stability.
China new bank lending rise in September: report
Household loans rose to CNY650.3b in September.
HSBC Global Private Banking launches Chengdu, Hangzhou units
The newly established teams are comprised of relationship managers and investment counselors.
Banks’ commercial real estate woes in China to persist for two more years: report
Property developers just posted their worst first-half earnings in over a decade.
Goldman Sachs axes 25 investment bankers in Asia: report
Those affected are majorly junior level bankers involved in Greater China deals.
Bank of China bad loans, capitalization ‘stable’ amidst real estate woes: S&P
BOC’s NPL ratio for mainland real estate loans rose 62 basis points in H1.
China’s small, regional banks gain lifeline with planned NPL disposal initiative
But local asset management companies may face pressure to acquire bad debt at prices that make it challenging to earn a commercial return.
China’s banks set to trim loan rates to bolster borrowing: report
This comes after new yuan loans in July fell to just a quarter of the amount in June.
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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.
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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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