China
China state banks embrace home rental financing at risk of profit loss
The government-encouraged pivot comes at a risk of low returns for the lenders.
China state banks embrace home rental financing at risk of profit loss
The government-encouraged pivot comes at a risk of low returns for the lenders.
Chinese banks spin off asset management arms as oversight mounts
Bank of Communications is investing $1.25b for such unit in Shanghai.
Shanghai Pudong Development Bank taps Ant Financial for digitisation programme
The bank will leverage the firm’s tech expertise in AI, supply chain finance and biometric identification.
China regulator carries out inspections to sniff out shadow banking activity
Some trust companies halted their channel business amidst intensified scrutiny.
Chinese banks thrive on mobile payments as millennials drive cashless push
Lenders handled a whopping $11.1t in mobile payments in the first quarter alone.
China's banks are sidestepping the shadow banking crackdown
Issuance of structured deposits surged almost 47% to $1.4t in the year through March.
China's entrusted loans plunge 3.5% in January-April as banks shun shadow finance
Shadow banking growth virtually stopped new contributions to total social financing.
China's shadow banking crackdown buoys offshore financing market
Moody’s notes that there are limits to how much banks can substitute for lower shadow credit levels.
Are smaller banks bearing the brunt of China's bad loan problem?
NPLs for the ‘Big Five’ largely fell whilst those for smaller rural commercial banks rose to 3%. As the country’s largest lenders enjoy enhanced profitability from lower bad loan levels brought about by a macro-economic recovery, smaller lenders have not emerged unscathed as they bear the brunt of defaults and rising interest rates.
Bad loan cleanup push Chinese banks profits up 5.1% to $242.03b in 2017
The weighted average NPL ratio dropped from 1.65% in 2016 to 1.55% in 2017.
JPMorgan Chase to ramp up joint venture stake in China International Fund Management
It targets growing its stake to a majority interest.
Chinese banks turn to retail amidst tighter scrutiny in wealth
Operating income from the retail arm accounted for 37.56% of total bank income in 2017.
JPMorgan Chase appoints Mark Leung as CEO in China
This follows the bank's plans to further grow its onshore business capabilities in China.
China Construction Bank unveils Shanghai branch fully managed by robots
AI, facial, and voice recognition tech power the self-service branch in Huangpu district.
Chinese banks' money supply received boost from RRR cut
Net interest margins are poised to widen amidst more loans to deploy.
Chart of the Week: Check out the growth of AUM held by China's asset management industry
Assets under management exceeded $15.69t.
China regulator slaps three banks with $29m fine for industry malpractice
The banks violated proper lending practices amongst other multiple transgressions.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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