April Wu

China Market Strategy

March 25, 2015

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Banking News This Week – Mar 25

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

1 – E. Sun Bank’s expansion to China and Vietnam given the green light

E. Sun Financial Holding Co., parent company of the bank, announced in a statement released on Friday that the China Banking Regulatory Commission has approved its plan to set up a subsidiary and a new branch in Shenzhen, Guangdong Province.  >>

2 – Vietnam Predicted to Be Next Asian Tiger

Perched along one of the world’s most crucial shipping routes, and with a young and growing population, Vietnam is — once again — being tipped for economic lift-off, after years of disappointment. >>

3 – Banks expand network reach

The number of banks in Philippines dropped last year but the lenders’ operating network continued to expand during the period, Bangko Sentral ng Pilipinas data showed. >>

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April Wu

China Market Strategy

March 18, 2015

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Banking News This Week – Mar 18

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

1 – Banking opportunities in Africa look less rosy

Low domestic growth prospects are prompting South African banks to look to the rest of Africa for growth opportunities, where weak commodity prices in certain key economies could also impact negatively on revenues.  >>

2 – Asia steps up efforts to reach the ‘unbanked’

Despite Asia’s economic rise, many of the globe’s “unbanked” citizens, residing in countries including India, China and Myanmar, make do without access to savings, insurance and pensions. >>

3 – Facebook rolling out payments to friends in Messenger

Facebook announced it was launching a system to send money to friends for US customers using its Messenger mobile app. >>

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April Wu

China Market Strategy

March 11, 2015

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Banking News This Week – Mar 11

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

1 – More Asian consumers going online for banking transactions

Digital banking is gaining traction across Asia, a multinational consultancy firm said in a study, with more developed economies in the region leading the shift as emerging markets, the Philippines included, follow suit.  >>

2 – Barclays Africa eyes faster expansion

BARCLAYS Africa Group is intensifying its expansion into the rest of the continent with applications for licences in several countries.  >>

3 – Bank earnings boost Nigerian market

Lifted by the banking sector, the NSE All Share Index finished last week with a 2.3 percent gain as investors reacted to the release of full year earnings by Zenith Bank and GT Bank. >>

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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.  >>

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April Wu

China Market Strategy

February 25, 2015

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Banking News This Week – Feb 25

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

1 – Report Uncovers 2015 Global Digital Banking Trends

The top ten digital trends covered in the Digital Banking Report (in no particular order) include: Increased Use of Customer Analytics, Expedited Deployment of Digital Delivery, Focus on Mobile-First Design. >>

2 – JPMorgan to Cut Costs, Charge for Some Deposits

JPMorgan projected nearly US$5 billion in lower expenses through 2017 with cuts in its corporate and investment banking, and consumer and community banking, segments.  >>

3 – China Rapid Finance Pre-Approves 50 Million Chinese Consumers for First-Time Loans

China Rapid Finance (“CRF”), a leader in Chinese marketplace lending and credit decisioning, today announced that it has extended pre-approved loan offers of 500 RMB (~US$80) to 50 million consumers including pre-screened users on QQ, Tencent’s leading social networking platform, with 820 million users, and customers of China Union Pay, China’s leading payment network. >>

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