Kapronasia - Insights on China's Financial Services Industry

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Latest News

Slower net profit growth in Chinese City Commercial Banks
May 22nd, 2013 - According to the annual reports released by city commercial banks, a lot of city commercial banks’ net profit growth rates in 2012 have shown a slowing down trend compared to 2011. For example, in 2011, both net profit growth rates of Hankou Bank and Bank of Chengdu were close to… Read More
China's Manufacturing PMI declines again in April
May 21st, 2013 - The latest Chinese manufacturing PMI is 50.6, declining by 0.3 point from March. From May 2012 to April 2013, this PMI figure has hovered the important line of 50 which is the watershed between economic growth and shrinkage. It signals that the growth of Chinese manufacturing economy is still fluctuating,… Read More
Number of Chinese Online Banking customers Increased again in 2012
May 20th, 2013 - As the end of 2012, the total number of Chinese online banking registered users reached about 489 million. More specifically, according to the data released from Cebnet, CCB’s online banking customers increased to 119.26 million, jumping by 41% from 2011 to 2012. The number of BOC’s online banking customers has… Read More
China's Bankcard Consumer Confidence Keeps rising
May 17th, 2013 - Recently, China UnionPay (CUP) and Xinhua News Agency jointly released the Xinhua • CUP Bankcard Consumer Confidence Index (BCCI) for March 2013. It shows that the BCCI is currently at 87.20, growing by 1% month-to-month and 0.43% year-on-year. Generally, the more consumption expenditure on non-necessities, the better macroeconomic situation and… Read More
Beijing's E-commerce keeps growing
May 15th, 2013 - According to Beijing’s government, the total transaction value of e-commerce in Beijing, one of biggest cities in China, grew by 45% to 550 billion RMB in 2012. Beijing’s e-commerce market is characterized by its high transaction volume, which has prompted half of China's top 10 e-commerce companies set up headquarters… Read More
Chinese Banks reach a net profit of 1.24 Trillion Yuan in 2012
May 14th, 2013 - According to the CBRC, China’s commercial banks announced a total net profit of 1.24 trillion RMB in 2012, with the total net profit of the 16 listed banks comprising 1.03 trillion of that total. Among these 16 listed banks, the five major banks ICBC, ABC, BOC, CCB, and BOCom earned… Read More
Target QFII Investment Industries
May 12th, 2013 - There are two main sub-industry categories that QFIIs seem to be investing in in China's A-Share market: the mechanics and food & drink manufacturing industries. During the first quarter of 2013, there was a slight decline of 1.55% in the QFII shareholdings in the mechanics manufacturing industry and a 5.78%… Read More
New RMB loans in Q1 2013 reach a 3 year high
May 9th, 2013 - According to the PBOC, the value of new RMB loans in the first quarter of 2013 are at a three-year high. In the first quarter of 2013, the new lending is 2.76 trillion yuan, growing by 13%, compared with 2.46 trillion yuan in the same period of 2012. It signals… Read More
The Latest on Wealth Management in China
May 8th, 2013 - Wealth management refers to a type of financial analysis, financial planning and management service that banks provide to high net worth individuals. Banks have the obligation to return certain profit by managing customers' funds in an agreed period of time. The history of wealth management in China’s financial industry can… Read More
Sound Wave Payment – Alipay’s innovation on mobile payment
May 3rd, 2013 - Recently, Alipay, China’s largest third-party payment company, released its sound wave payment mobile product, which is the first time that “sound payments” have been commercialized in China. Customers can now pay for goods from the vending machines deployed by Alipay in Beijing’s subway through the sound wave payment. To use the… Read More