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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 fund♌s, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
In the second quarter of 2021꧋, the air passenger traffic soared by 95.7% y/y to 143.4mn persons, than🌠ks to a jump in demand for domestic passenger. The domestic passenger traffic in Q2 2021 surged by 96% y/y to 143mn persons. The ...
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China’s telecommunications sector is among the sectors that were least impacted by the COVID-19 pandemic, as the lockdown measures encouraged the demand for on🅷line communication. Compare🌳d with the 1.8% y/y increase in total revenue in ...
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In the second quarter of 2021, the sales volume and sales revenue of China’s real estate sec🧸tor reached 526mn m2 and&🤪nbsp;RMB 5,455bn, which represented y/y increases of 11.2% and 17.2%, respectively. Compared to the ...
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With 12 GW of total installations, renewables-based power capacity contributes 26% of the total power capacity and generat🌠es 12% of Thailand’s electricity, according to data for 2020. The country ranks as the second largest ASEAN ...
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India ranked as the fourth largest renewable energy (RE) market in the world by installed capacity in 2020, according to data provide🎐d by the International Renewable Energy Agency (IRENA). Hydropower is the largest RE source taking 37% of ...
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