April Wu

China Market Strategy

October 28, 2015

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Banking News This Week – Oct 28

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

1 – Vietnam on track to replace China as new manufacturing hub: experts

With increasing foreign direct investment (FDI) flows into its manufacturing sector, Vietnam stands a great chance of leaping ahead and replace China as the new production center. >>

2 – Malaysia’s AmBank Group increases digital banking spend

Malaysia’s AmBank Group is remodelling its retail banking services with a digital boost, in a move that could give confidence to banks across the Association of Southeast Asian Nations (Asean) region. >>

3 – Six trends shaking up transaction banking

It was an opportune time. Despite immediate conditions, Asia will be the centre for business growth, trade and investment flows for banks and corporates for decades to come. >>

4 – New report explores the mobile banking services in Africa: the emergence of mobile savings, credit and insurance

The mobile money market has been evolving quickly and the African region is witnessing the emergence of mobile banking services including savings, credit and insurance. >>

5 – Local firms look to grow beyond Africa

GLOBAL banking group JP Morgan expects South African companies to continue acquisitions in the developed world in the next 12 to 18 months. >>

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