April Wu

China Market Strategy

September 24, 2014

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Banking News This Week – Sep 24

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

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1 – ‘Dinosaur’ Private Banks Face Tech Threat, ABN Amro Says

Private banks that fail to embrace information technology and mobile services are at risk of becoming “dinosaurs,” says an executive at ABN Amro Group NV. >>

2 – DSWD, BPI Globe BankO try to achieve financial literacy for the poor

The Department of Social Welfare and Development (DSWD) is seeking to teach Filipinos the habit of saving through its sustainable livelihood program (SLP) and the financial literacy program of Bank of the Philippine Islands (BPI), Globe Telecom Inc. and mobile banking arm BankO. >>

3 - The brave new world of mobile banking

Let’s see how mobile has changed banking at a fundamental level. Firstly, of all known channels it affords the most direct and instantaneous connection between the bank and its customer. Secondly, it has raised the ante for the quality of software that a bank deploys – customer experience, performance and width of services have become critical. >>

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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.

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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.

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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.

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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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