China
HSBC China’s asset quality, profitability stable: Moody’s
HSBC China’s asset quality, profitability stable: Moody’s
The bank has a track record of sound asset quality, the ratings agency said.
Weak household demand causes 82.9% drop in new Chinese bank loans
This was blamed on weak household loan demand, particularly short-term loans.
China’s banks expand lending but struggle with weakening demand
UOB Kay Hian said banks remain cautious in extending long-term credit.
BEA marks 40 years in Shenzhen with new Futian flagship
The new branch offers banking and wealth management services.
Mainland tourists drive WeChat’s growth during National Day
Cross-border transactions in Weixin Pay increased by 21% year-on-year
Chinese banks lift bond holdings amidst weak credit demand
Total bond investments hit a 13.5% growth rate for 2021-2025.
Chinese banks’ interest margins to compress up to 18 basis points in 2025
State-owned banks’ fee income growth is likely to be steady through 2029.
Chinese state banks’ loan growth slows as policy loans lose steam
Growth in policy loans fell below 15% in June 2025, noted by Morningstar.
Visa appoints Elaine Chang as group general manager in greater China
Chang previously served as president of Amazon China.
SPD Bank Shanghai, XTransfer team up to help Chinese SMEs expand overseas
They aim to provide “safer, more efficient, more convenient” global collection and cash management services.
China’s interest subsidies unlikely to boost credit demand: BofA
Loan growth for household loans and corporate loans were lower in August than a year earlier.
Alipay Tap! crosses 200 million users
It lets users pay by tapping their unlocked phone on a payment terminal.
China renews bilateral swap agreement with ECB, Switzerland, & Hungary
The agreements are valid between three to five years.
CZBank Shanghai, XTransfer ink agreement for cross-border finance
The two will jointly offer cash management services to Chinese foreign trade enterprises.
China and Azerbaijan’s central banks ink cooperation MOU
They aim to strengthen bilateral financial cooperation, amongst others.
China Merchant Bank profit rebounds in Q2 on lower costs
Net profit grew 2.7% in Q2 from a 2.1% decline in Q1.
Chongqing Rural Commercial Bank’s profitability likely to be stable through 2026
The bank still faces high asset risk, although it has built up strong buffers.
Commentary
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