April Wu

China Market Strategy

June 18, 2014

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Banking News This Week – June 18

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

1 – PayPal expands payment services to Nigeria, 9 other markets

PayPal is entering 10 new countries this week, including Nigeria, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud. >>

2 – Foreign banks stepping up efforts to groom local staff

Foreign banks here say they are committed to developing a Singaporean core, stepping up efforts to groom and keep local talent. >>

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April Wu

China Market Strategy

June 11, 2014

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Banking News This Week – June 11

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

1 – Singapore overtakes London as top RMB offshore clearing centre

SWIFT data shows that Singapore’s RMB payments value increased by 375% between March 2013 and March 2014, making Singapore number one in terms of RMB world payments value, excluding China and Hong Kong. >>

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April Wu

China Market Strategy

June 5, 2014

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Banking News This Week – June 05

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

1 – Banco do Brasil opens first China branch

Banco do Brasil, the largest financial institution in Brazil and Latin America, opened in Shanghai its first branch in China on May 30, aiming to cash in on the strengthening China-Brasil economic ties. >>

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April Wu

China Market Strategy

May 28, 2014

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Banking News This Week – May 28

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

1 – ANZ, Roy Morgan Launch China Consumer Confidence Index

The Australia and New Zealand Banking Group Ltd. (ANZ) and Australian research firm Roy Morgan Research have jointly launched an index to track the Chinese consumer confidence levels, according to a joint announcement. The ANZ-Roy Morgan China Consumer Confidence Index, which gauges China’s consumer confidence and inflation expectations, remained stable at 152.5 in May, compared with 152.6 in April. >>

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