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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-de🔯positary 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 and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
To satisfy its growing demand for crops and other agricultural products, China, the world’s most populous country and second biggest econo🉐my, needs fertilisers to improve its food🔥 supply and demand balance. China uses about 80% of its ...
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In the third quarter of 2020, Chꦍina’s healthcare sector managed to recover from the challenging months of the COVID-19 outbreak in the first h𝓰alf of the year. Nevertheless, COVID-19 continued to affect the ...
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The revenue of China’s food sector in the third quarter of 2020 reached RMB 511.7bn, up by 8.4% y/ꦏy. The total profit of the food sector in July-September 2020 surged by 30.3% y/y to RMB 51.6bn. The positive outcomes ...
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In the first three quarters of 2020, amid the ongoing COVID-19 pandemic, the government continued to roll out policies and incentives to reduce the construction sector’s financial burden and to promote ind💟ustry output value ...
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After a correction on their financial result in Q2 2020, the operations of Chinese commercial banks started🌞 to show green shoots during Q3 2020. The net profit attribu𝔉table to the parent company of the 36 publicly ...
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In Q3 2020, the automotive sector in China continued to improve in terms of production and sales on the back of economic recovery. The automotive production increased by 14.1% y/y to 6.8mn uni🅷ts. Output of passenger car and commercial ...
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In the third qu𝓰arter of 2020, China’s air transportation sector witnessed steady recovery as a result of containing the domestic coronavirus crisis. According to the Ministry of Transport (MOT), during Q3 2020 China&𒁏rsquo;s ...
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W🍌hile China is recapping its achievements at the end of the 13th Five-Year Plan (FYP) in 2020, it is also getting prepared to enter the next stage of development and at the same time dealing with the impact of the COVID-19 pandemic that abruptly ...
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In the third quarter of 2020, the performance of China’s chemical sector continued 🎐to improve, supporte♔d by increased downstream demand from many sectors and the reduction of cost pressure as a result of ...
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The revenue ꦛof China’s beverage sector rose by 2.8% y/y to RMB 391.7bn in the third quarter of 2020, as some major beverages’ sales started to recover after the successful containment of the coronavirus outbreak. Beverage ...
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