China
PBOC announces third rate cuts since July 2012
It explained the rationale in a statement.
CRCB 1Q15 earnings jump 10.6% YoY to RMB2.0b
Thanks to solid fee income growth.
CNH market bounces back in April with 35bp yield compression
It's the biggest in 20 months.
ICBC 1Q15 earnings increase 1.4% YoY to RMB74.3b
It's experiencing stable operations in tough times.
China Merchant Bank's 1Q15 earnings jump 15.2% YoY to RMB17.2b
Robust interest partly drives solid bottom-line growth.
Shadow banking in China slows, contributing to financial risk reduction
But there are new challenges ahead.
CMB 1Q15 net profits jump 15 y/y to RMB17.2 bn
Thanks partly to solid margin expansion.
FX policy to support broad RMB stability
In line with reforms being promoted.
Bank of China's 1Q15 net profit slightly increases to RMB45.8 bn
Fee income had declined year-on-year.
ICBC's 1Q15 net profit sneaks up by 1% to RMB74b
It experienced slower fee income growth partly.
Chongqing Rural Commercial Bank posts unexpectedly higher profit of RMB2 bn
Thanks partly to fast balance sheet expansion.
China CITIC Bank 1Q15 earnings edge up 2.1% to RMB10.9b
There's also rising appetite for interbank business.
China slashes RRR by 100bps
The market only expected a 50bps cut.
100bp RRR cut in China proves further monetary loosening
The cut is the second in 2015.
China Minsheng Banking Corp's 1Q15 net profit climbs 5.5% to RMB13.4bn
This and other results aligned with expectations.
China CITIC Bank 2014 earnings increases 3.9% YoY to RMB40.7b
There are challenges to watch, though.
Commentary
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APAC has mastered domestic payments. The next challenge is connecting them.
Why fragmented communications are becoming a hidden governance risk for Asia Pacific banks
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology