April Wu

China Market Strategy

Banking News This Week – Jul 2

The top 5 banking news stories in emerging markets this week.

banking news_cover

1 - Emerging market banks perform strongly once again

Emerging market banks performed strongly in this year’s Top 1000 when it came to returns on assets (ROAs). Africa was among the regions with the strongest results. It was the only one to have at least five banks with ROAs of more than 5%. >>

2 - Bank of China debuts new Queens branch

Bank of China opened its newest New York branch on June 27 in Flushing, Queens, relocating its Chinatown branch from Manhattan. “The new branch is a big move and a fresh start for Bank of China New York to serve a greater community,” said Wu Shiqiang, president of Bank of China USA. >>

3 - Tencent stepping further into e-finance

The Shenzhen-based company teamed up with five securities firms on Wednesday to offer one-stop financial services online, including setting up securities accounts, customer services and stock exchange services, to its vast base of QQ users. >>

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April Wu

China Market Strategy

Banking News This Week – June 25

The top 5 banking news stories in emerging markets this week.

banking news_cover

1 - Consumer confidence boosts up Thai banking sector’s hopes

A month after the coup, the banking sector is seeing a recovery in consumer confidence and welcome signs of a rise in loan demand among SME clients. >>

2 - China eases rules for some foreign investors

China is scrapping legal and financing curbs on some foreigners investing in businesses outside the banking industry, the trade ministry said on Tuesday. >>

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April Wu

China Market Strategy

Banking News This Week – June 18

The top 5 banking news stories in emerging markets this week.

banking news_cover

1 - PayPal expands payment services to Nigeria, 9 other markets

PayPal is entering 10 new countries this week, including Nigeria, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud. >>

2 - Foreign banks stepping up efforts to groom local staff

Foreign banks here say they are committed to developing a Singaporean core, stepping up efforts to groom and keep local talent. >>

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