China

Bank of Shanghai to have sound asset quality, profitability at 0.7%: Moody’s

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. 

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.

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.

Revised capital rules a positive for Chinese banks’ operating environment

It is expected to have minimal impact on local banks’ capital position.

Citi appointed depositary bank for Hangke’s GDR program

This is in connection with Hangke’s $172.85m IPO of tis GDRs.