April Wu

China Market Strategy

March 4, 2015

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Banking News This Week – Mar 4

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

1 – Standard Bank stimulates Africa-China investment

Standard Bank Namibia strongly encourages corporate and investment banking relations between Namibia and the Chinese business community.  >>

2 – Retail banking in emerging markets: game on for competitors

Industry experts say banks should partner with telcos to leverage branchless banking and increase competitive advantage.  >>

3 – VietinBank to announce PG Bank merger plan soon

VietinBank Chairman Nguyen Van Thang revealed the bank’s intention to news website BizLive, adding that the merger will be the shortest way for the bank to increase charter capital and assets, and expand its networks.  >>

4 – Eying Emerging Markets, Lenders See A Wealth of Opportunity

Lending in developed markets has stagnated. In real terms, private sector bank lending in the world’s top economies increased by just 0.1 percent last year, according to UHY, an international accountancy network.  >>

5 – Philippines’ central bankers say at least 7 Asian banks plan market entry, expansion

At least seven Asian banks are looking to begin lending or open offices in the Philippines, lured by juicy prospects in the region’s second-fastest growing economy as their domestic markets languish, leading central bank officials told Reuters.  >>

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