April Wu

China Market Strategy

September 2, 2015

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Banking News This Week – Sep 2

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

1 -S. Korean banks go overseas to find new sources of profit

Major South Korean banks are turning their eyes to overseas markets as low interest rates and a policy push aimed at expanding financial services for consumers are making their home turf a difficult place to earn money. >>

2 -500 startups steps into Vietnam to expand its reach in southeast Asia

500 Startups, the U.S.-led VC firm, is continuing its push into Southeast Asia after it hired two partners in Vietnam, a signal that it may be about to launch a local fund for startups the country. >>

3 – Could mobile money be the answer to financial inclusion in the developing world?

With its mobile money segment showing “encouraging growth” in the first half of 2015, leading emerging mobile markets operator in Africa and the Middle East MTN emphasized that “the continued roll-out of MTN Mobile Money and broader financial services remains a priority”. >>

4 – GCC bankers gear up to discuss future of banking technology

More than 450 GCC bankers will come together next month at a leading banking technology and innovation event in Dubai this month. >>

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April Wu

China Market Strategy

August 12, 2015

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Banking News This Week – Aug 12

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

1 -Absa first SA bank to launch Apple Watch app

The bank, a subsidiary of the Barclays Africa group, is the first in the country to launch something aimed specifically at Apple Watch owners. >>

2 -(Video) Direct foreign investments boosts E.Africa’s banking sector

Direct foreign investments continue to play a critical role in shaping the financing landscape of East Africa, especially in providing longer tenor and cheaper foreign currency funding to banks which has allowed them to expand their financing activities targeted at Kenyan banks. >>

3 – Another Asian bank could enter market

ANOTHER Asian bank could secure regulatory approval this week to set up shop in the country after rules on the entry of offshore lenders were liberalized last year, a senior Bangko Sentral ng Pilipinas (BSP) official said. >>

4 – CIMB Group to establish banking services in Vietnam

The approval by the central State Bank of Vietnam allows CIMB to establish and operate a wholly owned subsidiary, offering a comprehensive range of wholesale, commercial and consumer banking products and services to the nation of more than 90 million people and its clients across Asean. >>

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April Wu

China Market Strategy

July 15, 2015

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Banking News This Week – Jul 15

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

1 – Citibank seeks go-ahead to boost Vietnam presence

Citibank NA, a unit of Citigroup Inc (C.N), said it will get the go-ahead soon from Vietnam’s central bank to set up a subsidiary in the country, which would make it the seventh wholly foreign-owned lender to operate in Vietnam. >>

2 – Siam Commercial Bank to open branch in Vietnam

Thailand’s Siam Commercial Bank (SCB) is allowed to establish its branch in Vietnam. The Prime Minister has approved the State Bank of Vietnam (SBV)’s proposal to let SCB establish its Vietnam branch on the acquisition of VinaSiam Bank (VSB). >>

3 – Vietnam bans banks with high bad debts from expanding

Commercial banks in Vietnam are not allowed to expand their networks until they can keep bad debts under 3 percent of total outstanding loans, a new rule indicative of the government’s increased resolve to address its toxic debt problem. >>

4 – Two African business giants go head-to-head over mobile telecoms and payments

Few firms have done more in recent years to boost Africa’s fortunes than Safaricom. It has built the world’s most widely used mobile-money network, called M-Pesa, bringing financial services to the poorest. >>

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April Wu

China Market Strategy

July 8, 2015

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Banking News This Week – Jul 8

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

1 – Abu Dhabi Islamic Bank Exploring Expansion Into SE Asia, Africa

Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest shariah-compliant lender, is considering entering markets in South East Asia and Africa to tap demand in countries with a large Muslim population. >>

2 – African Banks Eye Cellphone Services To Lock In Customers

After being outsmarted by telecoms when they introduced money transfer services, commercial banks across the continent have woken up to the realization that they cannot dissociate their businesses from providing cellphone services. >>

3 – Philippines Welcomes More Foreign Banks

The Philippine banking industry remains attractive to foreign players due to its 100 million population and a low credit penetration. >>

4 – Banks Need to Be More Proactive with Their Customers in Mobile Banking

A recent BuzzCity survey of over 3,300 mobile customers has revealed that more people than ever are using mobile devices to make payments. >>

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April Wu

China Market Strategy

July 1, 2015

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Banking News This Week – Jul 1

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

1 – Amazon’s Loan Program for Sellers Expands Into New Markets

Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. >>

2 – China Automated Teller Machine Industry Report, 2014-2018, Research In China

Global and Chinese ATM markets (2013-2014) present characteristics and trends as follows. >>

3 – Three Thai Banks Join IFC’s Microfinance Push in Cambodia

Three Thai banks have joined IFC’s US$65 million syndication loan to a Cambodian microfinance institute, to boost the access to funding of micro, small, and medium rural and agricultural enterprises, most of which are owned by women. >>

4 – Clients Big Winners in Africa’s Digital Banking Boom

Clients are now increasingly getting access to services of all types via mobile devices. Their expectations of how banks and other businesses serve them are increasingly set by digitally native technology players, like Alibaba and Apple. >>

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