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China's MSE loan programme to strain banks' profitability
China's MSE loan programme to strain banks' profitability
The banking system is expected to extend $420b in new loans to micro and small businesses.
Weekly Global News Wrap: Money transmitters, crypto firms gain from new US rules; Credit Suisse to launch digital app
And Danske Bank admits it has known about erroneous debt for years.
Chart of the Week: Chinese banks' loan growth slows to 13% in August
New loans have reached about $2.1b for the first eight months of 2020.
Philippine banking system edges closer to a digital revolution
The market has qualities favorable for virtual banks to thrive.
Hang Seng Bank adjusts branch hours
From 14 September, street-level branches will be open from 9AM-4:30 PM on weekdays.
Chinese banking sector's net profits down 24.6% YoY in Q2
Improvement in sight for H2, but lenders may face capital shortfall.
Singapore regulator floats guidelines to boost FIs' ethics, accountability
Senior managers responsible for core functions should be identified.
Indian banks now face less risks from corporate loans
Current performing loans can now better handle stress.
Chart of the Week: Pandemic drives e-commerce adoption in Malaysia
International e-wallets such as Google Pay and Masterpass are gaining steam.
Malaysia drops criminal charges vs Goldman Sachs over 1MDB
The bank has earlier agreed to pay $3.9b as settlement.
Weekly Global News Wrap: JPMorgan probing employee misuse of PPP funds; Watchdog rebukes Lloyds' unfair treatment of small firms
And Danske Bank pays up to $16m for over-charging clients.
Alternative payments reign supreme in Indian e-commerce market
Share in transactions hit 54% this year.
Singapore regulator floats new SGD facility for banks
It will be launched in the week of 28 September.
South Korean banks' credit loans hit $105b in August
Consumers rushed to buy apartments or to simply make ends meet.
More profit woes for Chinese banks as regulators plan NPL hike
$160.9m of targeted full-year NPL resolution were completed in H1.
New measures spur Thai financial institutions to restructure debts
It will cut the amount of reserved provisions, but lower future interest income.
South Korea's corporate loans jump to $1.12t in Q2
This is the largest amount on record for a second quarter period.
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance