S&P Global Ratings assesses China Citic Bank's Green Financing Framework as Medium green. CNCB is headquartered in Beijing, China, and provides corporate #banking, retail banking, #investment banking, asset management, and other #financial services in China and overseas. Download the full report >> https://okt.to/WJetm8
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Jia Ning Song, CFA CPA FRM CAIA, Head of Banking and Capital Markets in Hong Kong, discusses the city’s status as an IFC and unique advantages in this video. You can watch more videos on a range of topics in our new Hong Kong Banking Outlook 2024: https://lnkd.in/g-qNVEwN #Banking #HongKong #2024Outlook
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📌 You can watch the LIVESTREAM of our EBI Global Academic Conference 2024 on "The Banking Union at Ten: European Banking and Capital Markets Law between 2014 and 2024" right now on YouTube. This event was jointly organised with Goethe-Universität Frankfurt and the Institute for Monetary and Financial Stability (IMFS). 🔊 ACCESS THE LIVESTREAM HERE: https://lnkd.in/e5xVgwU8 #event #webinar #bankingunion #finance #banking #law #eu
EBI Global Academic Conference on Banking Regulation 2024 – Day 1
https://www.youtube.com/
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Last Friday the 17th of November, our very own in-house expert, Alex Gray, was invited to give a coaching session to the Vietnam Banking Academy, as Head of Trade and Transaction Banking at LIBF. Some of the questions answered: 💡How are banks doing in the efforts to digitise their trade finance process? 💡What will the trade finance landscape look like in the next decade? 💡What can Vietnamese banks do to encourage SMEs to use LCs, or other more secure methods? And many more! Read on to learn about the current obstacles faced by banks when implementing a digital trade finance solution, and how Complidata is helping to overcome them! https://lnkd.in/gYshNqUC Ben Arber Matthias Verbeke Filip Verbeke
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#SUERFpolicybrief “When banks’ shadow fades and shadow banking rises: Securitization and loan performance in China” by Di Gong 宫迪, Jin Wu, and Jigao Zhu, University of International Business and Economics (UIBE) This study investigates the relationship between securitization and loan performance in China. Our analysis of proprietary loans from a sample bank reveals that securitized loans demonstrate lower ex-post default risk and prepayment risk when compared to loans retained on the bank's balance sheet. These findings suggest the absence of adverse selection or moral hazard within the Chinese securitization market. Furthermore, we leverage the introduction of the New Asset Management Rule as a quasi-natural experiment, which significantly alters the business model of banks and eliminates alternative options for credit risk transfer aside from securitization. Our analysis shows a decline in loan performance following the implementation of this new regulation, aligning with the deterioration of the bank's incentive. This unintended consequence of the New Asset Management Rule, which was initially designed to curb banks’ shadow, sheds light on the emergence of risk within the securitization sector of the shadow banking. https://lnkd.in/dxFFmjni #ShadowBanking #Securitization #LoanPerformance #AdverseSelection #MoralHazard #InformationFrictions #DefaultRisk #PrepaymentRisk
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At the end of November the Bank for International Settlements – BIS published its updated list and assessment for 2023 of global systemically important #banks (G-SIBs). The Basel Committee on Banking Supervision has ranked the following 10 #financialinstitutions as the most important in the world of #globalfinance. JPMorgan Chase & Co. Citi HSBC Bank of America BNP Paribas Industrial and Commercial Bank of China Bank of China Barclays MUFG China Construction Bank #banking #bankingandfinance #bankingindustry #finance #financialservices #bankingsector #financialsector #financesector #globalbanking #globaleconomy #economy (Source: BIS - The Basel Committee on Banking Supervision, 27 November 2023)
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In our – frequent and regular – peer group discussions on China, we nearly always end up talking about cash pooling. What, exactly, are the rules? And what is required? We ran a benchmark survey and held a peer discussion to clarify the situation, and come away with some clear guidance. Instead, we confirmed that the situation is not clear. One participant listed four different sets of applicable regulations – three from PBOC (People’s Bank of China), and one from SAFE (the State Administration of Foreign exchange). The survey also listed eight banks members use for pooling: each bank has a different way of interpreting the rules, so there is a truly impressive set of potential ways of doing things. Offers from banks include zero balancing, target balancing or even a centralised dynamic sequence – a form of notional pooling. So – apart from the obvious conclusion that the situation is complex, and that regulations in China are rarely totally clear – what can we say with certainty?...to read the rest of out 1,000 word commentary,please follow this link. https://lnkd.in/e6y78qMt By the way, if you sign up with CompleXCountries, you get commentaries like this one direct to your inbox. #China #CashPooling #HSBC #Citi #JPMorgan #BNPParibas #ICBC #ChinaConstructionBank #BankofChina
China Cash Pooling - Approaches & Experiences : Corporate Treasury
complexcountries.com
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Here is an overview of #virtualasset regulation and considerations for the banking sector in Hong Kong. This was published recently in Banking Today, the professional sector publication of The Hong Kong Institute of Bankers. Tanner De Witt | Raymond Liu | Tara Chan | Douglas Clark | Paul Davis #cryptoassets
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With many banks globally undergoing ambitious cost optimisation programmes, KPMG partner Fergal Power share his thoughts on how banks can reduce costs and maximise profitability in the one-minute video below. The newly released annual Hong Kong Banking Report looks at this topic in more detail, among others, and also includes the 2023 financial results of banks in Hong Kong. You can read the full report here: https://lnkd.in/gXnJnJ7V #HongKong #Banking #CostOptimisation
Hong Kong Banking Report 2024
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Excited to see the Hong Kong Monetary Authority (HKMA) supporting SMEs through various banking initiatives. One key effort is the use of IADS to expedite the credit assessment process and provide more accurate, in-depth insights into the credibility of SMEs. Planto's proprietary technology is helping to address these needs and support banks in assisting SMEs through IADS, creating over 50+ insights in a matter of seconds. If you're interested in learning more about our market-validated solutions, feel free to reach out! #SME #fintech #hkma #lending #hongkong #IADS
Seminar on the banking sector’s support measures for small and medium-sized enterprises (SMEs), co-organised by the HKMA, The Hong Kong Association of Banks and the Chinese Banking Association of Hong Kong, brought together around 200 representatives from the banking sector, trade associations and chambers, and SME operators to exchange practical experience and success stories. In his welcoming remarks, Arthur Yuen, Deputy Chief Executive of the HKMA said that nearly 7,000 SMEs, involving a credit limit of over HK$15 billion, had benefitted in the first two months after announcement of the 9 support measures by the HKMA and the Banking Sector SME Lending Coordination Mechanism. Banks and SME operators engaged in insightful panel discussions on how banks: (1) leverage fintech to ease access to SME financing; (2) support SMEs in their business transformation; and (3) facilitate SMEs’ cross-border business expansion. The Seminar is also widely supported by the Trade and Industry Department’s Support and Consultation Centre for SMEs, The Hong Kong Mortgage Corporation Limited, The Chinese Banks’ Association, HKECIC - Hong Kong Export Credit Insurance Corporation and HKPC - Hong Kong Productivity Council, as well as 15 chambers and business associations. All stakeholders are committed to promote further development of Hong Kong’s SME ecosystem. See more: https://lnkd.in/g_ZYXCHe #SMEs #Banking #BusinessGrowth #HongKongeconomy
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Unlocking the Essence of the Autonomy Principle in Bank Guarantees 1. Foundational Role: The Autonomy Principle is a cornerstone in the realm of bank guarantees. 2. Independence: It ensures that the guarantee remains distinct from the underlying contract. 3. Beneficiary Protection: This principle safeguards the interests of the beneficiary. 4. Simplified Banking Role: Banks are streamlined to a clear decision - to pay or not to pay. 5. Trust in Trade: The principle instills confidence in international trade transactions. 6. Swift Payment: Beneficiaries are assured of prompt payment without entanglements from the main contract. 7. Rare Exceptions: Instances like fraud are the few exceptions to this principle. 8. Global Trade Impact: Understanding this principle is pivotal for businesses engaged in global trade. 9. Clarity and Trust: The Autonomy Principle ensures transparency and trustworthiness in bank guarantees. Join the conversation and delve deeper into the intricacies of bank guarantees. #BankingInsights #AutonomyPrinciple #GlobalTrade #FinanceTrends #LinkedInFinance #trade
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