April Wu

China Market Strategy

March 16, 2016

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Banking News This Week – Mar 16

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

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1 – Aussie companies eye Asian opportunities

The dairy co-operative is spending up to $300 million on a new factory in western Victoria to help feed the insatiable appetite for infant formula in Asia. >>

2 – Vietnam: Domestic banks look hard for foreign strategic partners

Restrictions in finance and governance force domestic banks to look for support from foreign partners to help them grow rapidly in the context of rising competition from the country’s integration into the world market. >>

3 – Thailand signs bank-access agreements with Malaysia, Philippines

Malaysia’s central bank said on Monday it has signed agreements with its counterparts in Thailand and the Philippines on market access and operational flexibility for lenders, as the Asean countries move towards an integrated banking market. >>

4 – FNB plans to cut 600 jobs, close branches

FirstRand Ltd.plans to close branches and cut jobs at its South African retail-lending unit as customers switch to digital banking and the continent’s biggest lender by market value responds to an economy on the brink of a recession. >>

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April Wu

China Market Strategy

March 9, 2016

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Banking News This Week – Mar 9

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

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1 – Korean banks, asset managers rush to enter Vietnamese market

From commercial banks to wealth management firms, Korean financial institutions are seeking to bolster their presence in the fast-growing Vietnam market to drive growth as the industry slows at home. >>

2 – Indonesia’s Bank Central Asia to hold back expansion due to margin squeeze

Indonesia’s biggest bank by market value Bank Central Asia (BCA) said it would hold back some expansion plans this year after regulators announced a series of measures that will lower banks’ margins. >>

3 – Facilitation:‘Branchless banking could spur GDP growth’

Branchless banking would have a positive impact on Gross Domestic Product (GDP) growth and lives of people in general. >>

4 – Standard Chartered makes retail banking paperless

MUMBAI: India’s largest foreign bank by number of branches Standard Chartered Bank on Tuesday announced the global launch of a digital tablet-based sales-and-service tool that “brings the bank” to clients. >>

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April Wu

China Market Strategy

January 20, 2016

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Banking News This Week – Jan 20

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

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1 – Philippines’ Coins.ph teams up with 7-Eleven to offer instant deposits

Bitcoin exchange and wallet service Coins.ph has announced that it is teaming up with convenience store chain 7­-Eleven to offer instant deposits across all 1,600 of its stores in the Philippines. >>

2 – Japan majors boosting presence in Asia

Japanese megabanks are boosting their mergers and acquisitions to expand their presence all over Asia. >>

3 -PH population attracts Japan’s biggest bank

Go Watanabe, the 57-year-old managing executive officer and chief executive for Asia and Oceania of Japan’s biggest financial group, is bullish about the Philippines, given its large and young population. >>

4 – Letshego buys FBN Microfinance Bank to pursue Nigerian expansion

The acquisition of FBN MFB marks Letshego’s entry into West Africa, having successfully built a footprint in East and Southern Africa with 265,000 customers across nine countries. This development brings Letshego’s footprint to ten countries, with a customer base of over 385,000; Nigeria, in particular, has been a key target market in Letshego’s diversification plans. >>

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April Wu

China Market Strategy

January 13, 2016

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Banking News This Week – Jan 13

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

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1 – Ethiopian industry: still banking on China

Officials say investment will keep flowing, despite China’s slowdown. >>

2 – Korea: Banks rush to expand global footing

In stark contrast to restructuring their workforce and branch operations at home, major South Korean banks plan to expand their business across Asia as they seek to bolster foreign presence to drive growth amid a slowing economy and record low interest rates. >>

3 -Mobile money, M2M to dictate telco industry in 2016 – Vodafone

Vodafone is predicting an interesting year for the mobile telephony industry with Mobile money and Machine-2-Machine (M2M) expected to take the industry to the next level across the country. >>

4 – Islamic banking advances in Southeast Asia

In Malaysia, central bank data show the amount of outstanding Islamic loans grew 35 per cent from the beginning of 2014 to October 2015, while total loans expanded by 17 per cent. >>

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April Wu

China Market Strategy

January 6, 2016

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Banking News This Week – Jan 6

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

banking news_cover

1 – E-money seen as new area for revenue growth

JAKARTA — From palm oil growers in West Sumatra, vendors in a traditional market in Central Java, to Facebook gamers in Jakarta — Indonesia’s top lender Bank Mandiri is reaching out to different segments in the community to promote its latest electronic money product, Mandiri e-Cash. >>

2 – Philippines banks down to 635 in September

MANILA, Philippines – The number of banks operating in the Philippines declined 2.6 percent in the first nine months of last year with the exit of weak players particularly rural banks. >>

3 – BSP approves 125 new bank branches, offices

The Bangko Sentral ng Pilipinas (BSP) has approved the opening of 125 more bank branches as well as offices across the country. >>

4 – Bank of Africa to begin operations in Cameroon – Sources

The Pan-African banking group, Bank of Africa (BOA) could begin operations in Cameroon in the next few weeks, its application for authorization to open a subsidiary in the largest economy of Central Africa being on the “right track”. >>

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