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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health andಞ welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
China’s telecommunications sector is among the industries least impacted by the COVID-19 pandemic, as🎀 the lockdown measures encouraged the demand for online communication. In Q2 2021, the total revenue of the telecommunications sector ...
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As the global epidemic is being contained and China’s economic growth has returned to normal, the growth of the country's healthcare sector is likely to gradually slow down to p♑re-pandemic levels. In the second quarter of 2021, the ...
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In the second quarter of 2021, the sales revenue of China’s retail sector reached RMB 10,668bn, representing a y/y increase of 13.9%. Compared to the second quarter of 2ܫ019, before the coronavirus crisis, this indicator ...
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The revenue of China’s food sector in the second quarter of 2021 reached RMB 507.1bn, up by 1.1% y/y, driven by increased sales and prices of some major foods. The total profit of the food♏ sectꦿor in April-June 2021 plunged by 24.2% ...
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After a steady growth in Q1 2021, China’s insurance sector contracted significantly in Q2 2021. The premium income from April t🌊o June 2021 dropped by 13.2% y/y, compared to a rise of 7.8% in Q1 2021. The premium slump in Q2 dragged ...
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