Account unification will squeeze broker commissions in China
Starting from October 8th China Securities Depository and Clearing will assign a single unified account number to all A-share and closed-end mutual fund account holders. Previously, accounts were separated to the respective Shanghai and Shenzhen branches of the clearing company.
What to expect from the Shanghai-Hong Kong Stock Connect?
The Shanghai-Hong Kong Stock Connect Program is launching in mid October and significant changes to the Chinese capital markets landscape are to be expected. Also labeled as the (new?) “Through Train”, this program will give foreign retail investors access to 568 Shanghai-listed stocks, with a market capitalization of roughly USD 2 trillion, and many are already waiting in anticipation for the door to be opened. A brief analysis of the Shanghai Hong-Kong Stock Connect.
Alibaba about to move forward on private bank in China
Although Alibaba was in the first round of initial approvals to setup a private bank in China earlier this year, it was only at the end of September 2014 that they finally received approval to move forward on the project along with Juneyao, another large Chinese company who is also looking to setup their own bank.
With the Alibaba IPO behind us, what about Yue bao's future?
In the wake of the largest IPO in the U.S., there has been increased attention on China's innovation and its potential disruptive nature on global banking and e-commerce. Yue bao's future strategy is in the spotlight once again.
What does tokenization mean for China?
Tokenization seems have become a buzzword since the Apple Pay announcement. However, the technology itself is not new.
Alipay Cooperates with Huawei to Launch Fingerprint Payment Service
Beating Apple by nearing a week, on September 2nd, 2014, Alipay and Huawei announced the launch of their fingerprint payment service. The technology will be first shipped on Huawei’s Ascend Mate 7 phone, which was presented by the electronics giant on September 3rd.
China's online banking and mobile banking continue to drive ahead
China's online banking and mobile banking continue to be the key channels for customers who interact with their banks through 'e-channels' as data from iResearch, a Chinese online customer survey service provider, shows.
Wanda, Baidu and Tencent to Set up a New E-commerce Company
With Alibaba in the US for a one-week road show before what might be the biggest tech IPO that we've ever seen, Alibaba's competitors are battening down the hatches for an extended battle for the face of e-commerce in China.
Chinese P2P Lending growth coming from Five Most Developed Regions
According to Online Lending House, an internet finance news source, P2P transaction volume has reached RMB 81.84 Billion in 1H2014. The most active regions are Guangdong, Zhejiang, Shanghai, Beijing and Jiangsu.
Direct Banking model Favored by City Commercial Banks
Earlier this year, we published our 2014 “Top-10 China Banking Industry Trends” report and predicted the advent of direct banks. We were right: in a month Minsheng Bank rolls out its Chinese direct banking institution.
On July 25th, Shang Fulin, the chairman of CBRC, disclosed three private banks that had been approved by the CBRC. Hua Rui Bank, planned to be set up by Fosun and Juneyao, was not on the list. Later the Shanghai branch of CBRC revealed that the Fosun and Juneyao partnership had broken up.
Australia Securities Exchange, ASX profits in 2014 up by 10%
The Australia Securities Exchange reported a year on year increase on revenue and profits yesterday on the back of strong IPO performance. Net income hit A$383.2 million from A$348.2 a year before.
Kapronasia's new report entitle "China Moving Abroad - A look at the legal...and not so legal ways Chinese nationals are moving their money abroad" is now available for download on Kapronasia.com. To view and download the report, please go to our research section here.
The Shanghai–Hong Kong Stock Connect is coming soon as dates for official testing are announced already. According to HKEx, market rehearsals will be held since late August to September, where exchange participants will conduct trading, clearing and settlement activities to verify readiness of the all involved systems.
Postal Savings Bank of China Restarts QR Code Payment
QR code payment in China, suspended by PBOC on March 14th, 2014, have just been restarted by the Postal Savings Bank of China.
Alibaba Teams up with Banks to Launch Unsecured Loans
On July 22nd, 2014, Alibaba teamed up with seven banks including ICBC, CCB, CMB, Ping An Bank, Postal Savings Bank of China, Bank of Shanghai and Industrial Bank to roll out new internet business loan service.
Will VTMs disrupt the ATM industry in China?
China has been going through rapid urbanization during last decades and in the past ten years alone the percentage of population residing in cities has leapt from 40.5% in 2003 to 53.75% in 2013.
The “Notice on Government-set Prices and Government-Guided Prices for Commercial Banking Services”, published by National Development and Reform Commission (NDRC) and China Banking Regulatory Commission (CBRC), is effective on August 1st, 2014.
China is beginning to open its financial sector with the approval of three privately owned banks, extending the wave of financial reforms aimed at boosting China's changing economy.
Huawei is included in the European 5G research club
At the start of this month, leading global supplier of information and communications technology (ICT) Huawei had joined the board of Europe’s 5G Infrastructure Association.
Despite China’s present technology boom, Internet penetration is still a mere 47%.
The recent news story about Bank of China allegedly assisting with illegal money transfer ended well for the bank and turned out to be a case of journalists not doing enough research...
China Bitcoin Exchanges 2.0
Seven months after the PBOC's crackdown on bitcoin exchanges in China and we're seeing a resurgence in talk about what Chinese bitcoin exchanges are doing and where they are going. While accusations of falsifying trading data and questions about bitcoin's future in China still abound, China's bitcoin exchanges want to move on and forget the past, but are they going in the right direction?
Talks China – US - July 2014
Earlier this month, the US and China held their annual talks in Beijing, where they discussed trade, economic, regional, and political concerns.
Lagging Growth: Chinese Stock Market Trading Volume
Despite the regulators’ effort in boosting investor’s confidence in post-hiatus IPOs, growth in Chinese stock market growth in trading volume is still sluggish.
Kapronasia's ATMs in China 2014 webinar and slides are now available in the webinar section of the website or by clicking here.
Currently there are 637 companies on the IPO list in China and their prospectuses, published by the China Securities Regulatory Commission, reveal business intelligence, previously not available for public.
Payments Industry in China: 25% yearly growth again?
According to PBoC 2013 Annual Report, the payments industry in China is growing fast, 17% in 2013 alone and 25% on average in the last five years.
Foreign Banks in China: Steady Growth
PBoC’s 2013 annual report shows that foreign banks in China showed steady growth and even outpaced GDP growth in terms of new deposits, but still lag their domestic competitiors.
P2P Platforms Face Troubles
According to Wangdaizhijia, a resouce on the P2P industry in China, there are 148 P2P platforms in total closing, already closed or facing difficulties in redemptions.
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Tremendous Growth in China’s P2P Lending Platforms
The latest 2014 China Online Lending Industry Report reveals that China's P2P lending platform industry has grown rapidly both in terms of number of providers and turnover.
In the 2013 annual report issued by the Peoples Bank of China (PBOC), the organization addressed the issues related to the Internet finance. What is the forward looking Internet finance strategy?
On March 1st, 2014, Shanghai FTZ has removed the cap for foreign currency deposit rates, which apply to small accounts with less than USD3 million. After the three-month pilot, the market seems to be running steadily and enterprises in the Shanghai FTZ now can ask for higher rates for their forex deposits with the banks.
On June 11 2014, MSCI Inc. indicated that China’s A-shares will not be included in MSCI’s global index, meanwhile, South Korea and Taiwan will not be considered to upgrade to developed market status.