April Wu

China Market Strategy

January 13, 2016

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Banking News This Week – Jan 13

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

1 – Ethiopian industry: still banking on China

Officials say investment will keep flowing, despite China’s slowdown. >>

2 – Korea: Banks rush to expand global footing

In stark contrast to restructuring their workforce and branch operations at home, major South Korean banks plan to expand their business across Asia as they seek to bolster foreign presence to drive growth amid a slowing economy and record low interest rates. >>

3 -Mobile money, M2M to dictate telco industry in 2016 – Vodafone

Vodafone is predicting an interesting year for the mobile telephony industry with Mobile money and Machine-2-Machine (M2M) expected to take the industry to the next level across the country. >>

4 – Islamic banking advances in Southeast Asia

In Malaysia, central bank data show the amount of outstanding Islamic loans grew 35 per cent from the beginning of 2014 to October 2015, while total loans expanded by 17 per cent. >>

5 – Thailand: Eye on digital transaction fees

The national telecom regulator is working with the central bank to overhaul the service fee structure for digital financial activities in a bid to lower transaction costs for low-income consumers. The plan is also aimed at promoting online and mobile banking services, particularly remittance-related activities. >>

Also worth reading:

Mobile Banking Boom In Emerging Markets
(Video)Doing Business In Emerging Markets – Banking Sector
4 Chinese Internet Companies Betting On Mobile Banking
Banks Tapping New Potential in Asia