-
1.
China Mobile's mobile payment transactions by value hits a new record.
-
(Data Shorts)
-
According to China Mobile, China’s largest mobile network operator, its monthly mobile payment transaction value, for the first time, exceeded 10 billion RMB, reaching 11 billion in May – even larger than ...
-
Created on 19 June 2013
-
2.
China's interbank lending rate increased to 2.92% in May 2013
-
(Data Shorts)
-
According to data released by the People’s Bank of China (PBOC), the interbank lending rate (weighted average interest rate) increased from 2.55% in April 2013 to 2.92% in May which will affect banking ...
-
Created on 18 June 2013
-
3.
China’s Bankcard Consumption Value Rose by 60% in 2013 Q1
-
(Insight)
-
According to PBOC, at the end of 2013 Q1, China’s bankcard consumption transaction volume and value rose rapidly by 44% and 60%, respectively. Interbank transactions made up the majority of total transaction ...
-
Created on 09 June 2013
-
4.
Rapid Growth in China’s Trust Industry presents challenges
-
(Insight)
-
... the Chinese trust industry in China has reached new heights in profitability and penetration.
According to the China Trustee Association (CTA), the assets of the trust industry and industrial ...
-
Created on 03 June 2013
-
5.
China's 3rd party online payment transactions dipped slightly in Q1 2013
-
(Data Shorts)
-
According to iResearch, the total transaction value of China’s 3rd party online payment in 2013 Q, for the first time, declined slightly from last quarter’s 1,065 billion to 1,018 billion, -4.4% quarter-on-quarter. ...
-
Created on 24 May 2013
-
6.
Slower net profit growth in Chinese City Commercial Banks
-
(Data Shorts)
-
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, ...
-
Created on 22 May 2013
-
7.
Number of Chinese Online Banking customers Increased again in 2012
-
(Data Shorts)
-
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 ...
-
Created on 20 May 2013
-
8.
Beijing's E-commerce keeps growing
-
(Data Shorts)
-
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 ...
-
Created on 15 May 2013
-
9.
Chinese Banks reach a net profit of 1.24 Trillion Yuan in 2012
-
(Data Shorts)
-
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 ...
-
Created on 14 May 2013
-
10.
New RMB loans in Q1 2013 reach a 3 year high
-
(Data Shorts)
-
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 ...
-
Created on 10 May 2013
-
11.
Sound Wave Payment – Alipay’s innovation on mobile payment
-
(Insight)
-
... area on the vending machine, the phone will make a “chirping” sound and complete the payment.
According to Alipay, the phone actually sends a unique ultrasonic wave which is only valid for 5 minutes ...
-
Created on 03 May 2013
-
12.
NPLs in Chinese Banks Trending upwards again
-
(Data Shorts)
-
According to the China Securities Journal, the quality of credit assets is again appearing as an issue for Chinese banks. The latest annual report shows that the non-performing loan (NPL) balance and non-performing ...
-
Created on 27 April 2013
-
13.
China's Financial Industry Spend will keep a steady growth
-
(Data Shorts)
-
According to CCW Research, a local Chinese IT market research company, China’s financial industry IT software spend in 2012 grew to 49 billion RMB and the spending will keep a steady growth in 2013. Banking ...
-
Created on 20 April 2013
-
14.
Mobile Banking in China continues to grow
-
(Data Shorts)
-
According to the latest semiannual reports issued by China’s commercial banks, e-banking continues to grow in importance as a part of banks’ business. For most of banks, e-banking channels has already ...
-
Created on 13 September 2012
-
15.
China’s banking IT spend will continue to grow strongly
-
(Data Shorts)
-
In 2013, China will take over Japan as the biggest consumer of IT products in Asia. According to IDC, China's total IT market size in 2012 is projected to reach 155 billion US dollars, with 20% growth ...
-
Created on 23 August 2012
-
16.
New Delisting Rules Enhance Chinese Stock Market Soundness
-
(Insight)
-
On 27th July 2012, Shanghai Stock Exchange announced a guideline on measures for terminating the listings of poorly performing companies or “special treatment” (ST) companies.
According to the guideline, ...
-
Created on 31 July 2012
-
17.
WTO Dispute May Accelerate China’s Liberalization
-
(Insight)
-
... the only area that is inconsistent with WTO rules and accordingly prone to attacks. Hence, accelerating China’s progress on the path to a market-driven card industry seems the only sensible solution. ...
-
Created on 24 July 2012
-
18.
Top-5 Current Trends in China's Payments Industry
-
(Insight)
-
... agreement, teaming up together to provide mobile payment services.
Now, according to the agreement, China Mobile and CUP will together launch NFC mobile payment products which integrate bankcard accounts ...
-
Created on 04 July 2012
-
19.
Jumio shows Interest in Asian Online and Mobile payment markets
-
(Data Shorts)
-
According to public information on the official website of Jumio, this fast-growing payment and online ID verification company based in California will be announcing additional deals with customers in ...
-
Created on 02 July 2012
-
20.
China’s total online payment transaction value close to 700 trillion RMB in 2011
-
(Data Shorts)
-
According to PBOC (the People’s Bank of China), driven by the proliferation of online banking in China, in 2011 the total online payment transaction value reached 700 trillion RMB, with a 33% growth ...
-
Created on 27 June 2012