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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 and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
In the first quarter of 2017 the revenue of China’s ferrous metal smelting and pressing sector went down by 15.2% y/y to RMB 1.4bn as a result of the drop in the production and sales volumes of steel products. On the one hand, this was caused ...
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China’s food sector revenue in the first quarter of 2018 dropped by 13.6% y/y to RMB 498bn, mainly due to decreased prices of pork. Pork prices in Q1 2018 slid by 9.9% y/y, as a result of declining live pig prices. The total profit of the food ...
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The Indian real estate industry, which currently accounts for 5.2% of the Asia-Pacific real estate market and 5-6% of India’s GDP, has a huge multiplier effect on the economy, and is poised to account for around 13% of GDP by 2028. It is the ...
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Thailand’s real estate and construction sector accounted for 8.8% of the country’s GDP in 2017. The real estate sector alone reported GVA of THB 964bn, while the construction sector posted GVA of 399bn in 2017. Real estate and ...
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In Q4 2017, the revenue of the iron and steel sector increased by 19.6% y/y to RMB 969bn. Steel prices continued to rise amid stable demand for steel products in China. The positive performance of the automotive sector and the infrastructure and real ...
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China’s retail sector continued to expand in Q1 2018, driven by strong domestic consumption which contributed 77.8% to the country’s economic growth in the period, compared to its 77.2% share in Q1 2017. High consumption was largely a ...
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In Q4 2017, China produced 441.8mn mobile handsets, of which 351.4mn smartphones, recording y/y declines of 17.2% and 22.5%, respectively. The sales of mobile handsets also dropped in the same period by 17.2% y/y to 512.5mn units. Despite the lower ...
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China beverage sector’s revenue declined for the second straight quarter in Q1 2018, reflecting lower sales volumes of soft drinks and baijiu. Beverage retail sales in Q1 2018 fell by 9.6% y/y to RMB 48.3bn. Baijiu sale volumes slumped by 20.3% ...
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The insurance sector remained on a growth path in Q4 2017 with insurance premiums increasing by 5.7% y/y. However, the growth in the sector decelerated substantially in H2 2017 due to the tightening regulations and the saturation of the market in ...
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In Q4 2017, the government expenditure on health and family planning was RMB 276.7bn, representing a decrease of 7.5% y/y. Nevertheless, the healthcare expenditure in urban area was RMB 453.9bn, up by 2.8% y/y. For the whole year 2017, the government ...
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