Secure shopping
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 and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Following a challenging first quarter with a GDP decline of 6.8% y/y, the Chinese economy rebounded in Q2 2020, recording a 3.2% y/y growth. The upturn was largely attributed to effective measures on pandemic prevention and control, as well ...
View more details
China’s aviation sector is of key importance to the national economy, reflecting its increasing level of modernisation and robust growth. China’s vast territory and its geographical location assign the aviation sector ...
View more details
After recording a moderate 3.9% y/y increase of insurance premiums in 2018, China’s insurance market resumed its fast growth track in 2019, the insurance premium income rising by 12.2% y/y to RMB4.27tn. In terms of product breakdown, ...
View more details
In the second quarter of 2020, China’s economy recovered significantly. NBS data shows that the GDP growth rate turned from -6.8% y/y in Q1 2020 to 3.2% y/y in Q2 2020. According to the Meeting of the Political Bureau of the CPC, held ...
View more details
The Philippines has an inter-modal transportation system and the transportation sector accounted for 3.9% of national GDP in 2019. The main sector performance indicators showed y/y growth in 2019, with the exception ...
View more details
Malaysia’s economy is heavily reliant on oil and gas, with the sector generating 11% of the country’s gross domestic product (GDP) in 2019. Malaysia holds the fourth-biggest oil reserves and the sixth-largest natural ...
View more details
India’s banking sector is regulated and governed by the Reserve Bank of India (RBI), which was established in April 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The government allowed the ...
View more details
Malaysia’s power market consists of three geographical markets, namely Peninsular Malaysia, Sabah (including Labuan), and Sarawak. Tenaga Nasional Bhd (TNB) is the main power company in Peninsular Malaysia, while ...
View more details
The oil and gas sector is an important driver of growth for the energy-hungry Indonesian economy. However, the sector’s contribution to the domestic economy has declined over the past couple of years reflecting ...
View more details
The Chinese food sector’s revenue in the second quarter of 2020 reached RMB 501.4bn, up by 8.9% y/y, driven by increased sales and prices of some major foods.? The total profit of the food sector in April-June 2020 rose by 38.8% y/y ...
View more details