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September 17, 2019 - Sep 19, 2019
Fixed Income & FX Leaders Summit APAC 2019
September 23, 2019 - Sep 26, 2019
Sibos 2019 - London
October 14, 2019 - Oct 15, 2019
Finnovate Asia
October 27, 2019 - Oct 30, 2019
Money 20/20 USA
November 11, 2019 - Nov 15, 2019
Singapore Fintech Festival
December 04, 2019 - Dec 06, 2019
Money 20/20 China Hangzhou
Latest Insight

Germany presses China to opens its financial sector

Written by Kapronasia || January 23 2019

Germany is pressing China to follow through on nearly two-decade-old promises to open its financial sector to foreign competition. In a January 18 dialogue in Beijing, the two countries vowed to open their respective markets wider to each other's banks and insurers. Reportedly, Beijing and Berlin signed three agreements: one between the two central banks, one regarding cooperation in securities and futures trading, and one to examine banking regulations together.

Thailand embraces fintech with payments preeminent

Written by Kapronasia || January 24 2019

Mobile payment adoption is accelerating in Thailand as the finance sector moves to digitize. Like its Asean peers, Thailand is keen to use digital finance to boost an underdeveloped banking sector. Without the entrenched incumbents of developed economies, Asean countries tend to view digital finance as a greater opportunity than threat. Even highly advanced Singapore has embraced fintech, with an eye towards becoming Southeast Asia's fintech hub.

In 2018, Chinese banks lent a record $2.4 trillion in loans. That the credit spigot opened is no surprise: The banks had the full backing of Beijing, who looked on nervously as the Chinese economy limped - by its standards, anyway - to the finish line with just 6.5% annual growth, its worst performance since 1990. It wasn't so long ago that China could expect 9% annual growth.

Is Vietnam the next hotbed for fintech?

Written by Kapronasia || January 14 2019

With its underdeveloped banking sector, Vietnam is a prime market for digital financial services. Thus far the pace of development has been modest, but analysts expect it will speed up considerably in the next few years. In a November report, ratings agency Moody's said that startups focused on payments were the most prevalent in the nascent Vietnam fintech segment. By some estimates, payments startups account for almost 50% of Vietnam's fintech firms. Vietnam also has about 25 fintech incubators, accelerators and innovation labs.

Japan's convenience stores cash in on cashless payments

Written by Kapronasia || January 17 2019

In Japan, cash is still king. Indeed, the Japanese have a fondness for physical currency that has ebbed amongst their neighbors. Cash accounts for 80% of transactions in Japan, compared to 40% in China and 10% in South Korea.

The Sino-U.S. tech war is more important than the trade war

Written by Kapronasia || January 11 2019

All things considered, the U.S. and China had amicable trade discussions this week. With the clock ticking on the 90-day trade-war ceasefire, both sides have impetus to resolve the trade tiff. The Chinese economy likely grew at its slowest pace in 30 years - 6.5% - in 2018 as U.S. tariffs battered exports. The U.S. economy remains resilient for now, but U.S. President Donald Trump is watching the mercurial stock market nervously. People close to the administration say that he hopes to reach a trade deal with China to rally investors.

At first blush, Didi Chuxing doesn't seem in dire need of a new business model. As China's top ride-hailing app, the Beijing-based firm boasts more than half a billion users and millions of drivers. Granted, it has been burning money for years, but that's par for the course among unicorns - tech startups valued at US$1 billion or more - and some analysts believe Didi could raise up to US$80 billion in an expected 2019 IPO.

China's banks launch wealth-management units

Written by Kapronasia || January 11 2019

China's major banks are moving to open wealth-management units following a regulatory overhaul designed to strengthen risk management and oversight of fund flows in the Chinese financial system. The new rules allow bank subsidiaries to invest up to 35% of a product's net assets in "non-standard credit assets," i.e.: "off-balance-sheet loans.

Years ago, traditional POS machines only provided basic processing that were more convenient than cash transactions, but provided little help when it came to sales analysis. Smart POS started gaining traction in 2014 and grew rapidly as merchants juggled many different payment channels. A smart POS can process QR code, bank card, Quick Pass, as well as analyze business data, maintain membership details and combine online–offline sales. In December, UnionPay and Alipay both launched new acquiring products.

Wanglian passes its Double 11 test

Written by Felix Yang || November 27 2018

Double 11, the biggest e-commerce shopping festival, had another amazing result in 2018. On November 11th 2018, total online sales in China reached RMB314.2 billion (USD45.2 billion) in one single day.

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