April Wu

China Market Strategy

July 16, 2014

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Banking News This Week – Jul 16

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

1 – Shanghai most likely headquarters for BRICS development bank

A Reuters report said Shanghai is most likely to become the headquarters of a development bank being launched by the BRICS emerging market nations, citing Russian presidential adviser Yuri Ushakov. >>

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April Wu

China Market Strategy

July 9, 2014

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Banking News This Week – Jul 9

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

1 -Mobile banking numbers to exceed online banking by 2019

New findings from Juniper Research finds that over 1.75 billion mobile phone users will have used their devices for banking purposes by the end of 2019, compared to 800 million this year. >>

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April Wu

China Market Strategy

July 2, 2014

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Banking News This Week – Jul 2

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

1 – Emerging market banks perform strongly once again

Emerging market banks performed strongly in this year’s Top 1000 when it came to returns on assets (ROAs). Africa was among the regions with the strongest results. It was the only one to have at least five banks with ROAs of more than 5%. >>

2 – Bank of China debuts new Queens branch

Bank of China opened its newest New York branch on June 27 in Flushing, Queens, relocating its Chinatown branch from Manhattan. “The new branch is a big move and a fresh start for Bank of China New York to serve a greater community,” said Wu Shiqiang, president of Bank of China USA. >>

3 – Tencent stepping further into e-finance

The Shenzhen-based company teamed up with five securities firms on Wednesday to offer one-stop financial services online, including setting up securities accounts, customer services and stock exchange services, to its vast base of QQ users. >>

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