China
ICBC receives nod to set up wealth management unit
ICBC receives nod to set up wealth management unit
Nearly 30 banks have announced their intention to dive into this profitable business.
Chinese banks' new loans hit record high at $477b in January
Regulators have encouraged banks to lend more to firms hit by the deleveraging.
China's shadow banking sector to shrink to half of GDP in 2019
Lenders have been shifting to on-balance sheet activities.
China's crowded investment banking scene squeezes fees to five-year low
Average fees for equity deals fell to 3.9%.
Nearly 30 Chinese banks are setting up asset and wealth management units
The move comes after looser rules on AM activities.
China urges banks to temper lending in January
Banks typically front-load loans early in the year.
Chinese banks' property loan growth slows to 20% in 2018
About $3.82t went to individual purchasers.
Smaller bonuses and fewer jobs await Chinese bankers
The equity rout and ongoing trade dispute dimmed employment prospects.
Are Chinese banks put to risk as government calls to rev up POE lending?
The bad loan ratio of select sectors hit 4.7% compared to the 1.7% industry average.
Chart of the Week: Chinese bank capital receives boost as asset growth slows
Banks have been shifting to on-balance sheet activities.
China delays Visa and Mastercard entry as Unionpay remains unchallenged
The central bank has yet to issue formal acknowledgment.
Chinese commercial banks bad loan ratio hits 10-year high in 2018
Total non-performing loans hit $296.52b (CNY2t) in December.
China's fintech ecosystem is scaling faster than the US and Europe
Outside of China, fintechs are only able to disrupt one vertical unlike Alipay or WeChat Pay.
Chinese regulator refuses to let up on banking crackdown with $22m fine
This represents one of the largest penalties in 2018.
Emerging Asian banks may outpace developed peers in credit gains
The Philippine and Thai infrastructure campaigns will fuel borrowing.
Chinese banks' wealth management units greenlit to buy shares
It aims to boost market confidence amidst a cooling economy.
China's shadow banking sector shrunk to $9.02t in January-September
Trust loans and entrusted loans dropped sharply.
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