CDB is a state-owned bank focusing on providing loans and investment for infrastructure projects and other development projects in China. CDB also supports overseas development projects in response to the government policy for sustainable growth and Chinese companies' active overseas expansion. JBIC is a policy-based financial institution with shares wholly owned by the government.
HONG KONG Reuters - Asia-Pacific banks must radically reform and slash costs or else they will eventually be forced to put themselves up for sale, as rapidly increasing competition from technology firms moving into banking transforms the sector, consultancy McKinsey said. Bank profit has fallen because of slowing economic growth in many markets, rising non-performing loans following a period of over-lending, complacency from lenders who have not cut costs as much as rivals, and due to the rising presence of digital players, McKinsey said in the report, co-authored by the head of its Financial Services Practice in Asia, Jacob Dahl. The report comes after the Monetary Authority of Singapore on Friday said it would issue up to five digital bank licenses, complementing action across the region where regulators are tweaking rules to facilitate online-only banks, which are often run by technology firms.
Echoing an originally largely European phenomenon, the recent Asian financial exodus highlights growing regional concerns with the increasing stranded-asset and air-pollution risks for the thermal-coal power industry. Recent announcements also highlight the shifting position of government intervention in leading Asian economies, through the necessary strategic transition away from coal into increasingly cheaper, domestic, sustainable alternative energies to meet the growing energy needs of burgeoning local populations. Asian countries including India, Japan, China, Singapore, South Korea and most recently Thailand are all increasingly providing global leadership to ratchet up ambition to deliver on the Paris Agreement — both through the movement of their financial institutions and leading corporations away from coal, as well as through top-down government policy — to transition economies away from the over-reliance on increasingly expensive imported thermal coal into zero-emissions, lower-cost domestic renewable-energy options.
By then there will be three billion more affluent Asians looking for banking services. Foreign banks have sought to gain exposure to Asia for a century, but what about the other way around? For the moment, the penetration of banks from the region into the rest of the world is mainly limited to representative offices.
Private banking, loans and deposits drive robust profit growth. SINGAPORE -- Southeast Asia's largest banks are riding the region's rapid economic growth to higher earnings as demand for wealth management services rises and mainstay savings and lending operations expand. A number of the region's major banks by market capitalization booked double-digit net profit growth for the year ended in December, including Singapore's Oversea-Chinese Banking Corp.
Foreign Bank Networks in Asia : 37 of the top global names and summary information about the Asian countries in which they operate. Why has there been less financial integration in Asia than in Europe? Updated links and annuals for Pakistan.
One of the strategies being used to transition to digital banking is to expand the customer base beyond people who use traditional banks. Asia is digital. A modular Asian financial-services industry is rapidly emerging, driven by, and as a response to, digital trends.
Around the world, cheaper renewables, improved technology, and risks over reputation, financial performance and the environment are driving finance away from coal. Europe and the U. IndiaSouth Korea and Thailand feature too.
Singaporean players nab foreign cash, while Indonesia caters to individuals. SINGAPORE -- Southeast Asian banks enjoyed a banner as greater lending and healthy asset management operations drove double-digit profit gains at seven of the region's 10 leaders by market cap. With economic growth averaging 4.