April Wu

China Market Strategy

November 24, 2016

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Banking News This Week – Nov 24

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

1 – Integration is slowly taking hold in ASEAN’s banking sector

Although bank regulators in Southeast Asia are making only slow progress in opening up the region’s financial industry, banks are managing to spread their wings through mergers and acquisitions, and using digital technology. >>

2 – Vietnamese banks urged to go digital

Digital banking has assumed crucial importance in the development of Viet Nam’s banking system, Dao Minh Tu, deputy governor of the State Bank of Viet Nam (SBV) stressed at a recent conference. >>

3 – African mobile subscriptions will exceed 1bn by year’s end, says report

Africa is expected to exceed one billion mobile telecoms subscriptions in the fourth quarter of 2016, reaching 1.02bn by the year’s end, according to a new report. >>

4 – Foreign banks raise Philippine economic growth forecastsr

Foreign investment banks HSBC, Nomura, and Barclays have raised their economic growth forecasts for the Philippines after a strong performance in the third quarter. >>

5 – African banks warm to blockchain

Financial institutions are looking for ways to use the accounting system behind the virtual currency bitcoin to reduce the cost of banking transactions. >>

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