April Wu

China Market Strategy

March 25, 2015

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Banking News This Week – Mar 25

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

1 – E. Sun Bank’s expansion to China and Vietnam given the green light

E. Sun Financial Holding Co., parent company of the bank, announced in a statement released on Friday that the China Banking Regulatory Commission has approved its plan to set up a subsidiary and a new branch in Shenzhen, Guangdong Province.  >>

2 – Vietnam Predicted to Be Next Asian Tiger

Perched along one of the world’s most crucial shipping routes, and with a young and growing population, Vietnam is — once again — being tipped for economic lift-off, after years of disappointment. >>

3 – Banks expand network reach

The number of banks in Philippines dropped last year but the lenders’ operating network continued to expand during the period, Bangko Sentral ng Pilipinas data showed. >>

4 – Kenyan bank ‘planning joint ventures to expand operations across Africa’

The Co-operative Bank of Kenya (CBK) plans to expand its operations into Uganda, Rwanda, Tanzania and Ethiopia by the end of 2016, according to the bank’s managing director. >>

5 -South Korea’s biggest bank seen opening in PH

South Korea’s oldest and largest bank has been given the green light to open its doors in the Philippines, following policymakers’ move to open up the local financial industry to more foreign competition. >>

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