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.
China’s rubber products sector witnessed a 21.5% y/y decline in sales to RMB 198bn in the first quarter of 2018 on the back of falling production. Sales of the largest subsector – tyres – shrank by 22.4% y/y to RMB 107.8bn, while ...
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China’s insurance sector witnessed its first quarterly contraction since 2011 amid tightening financial regulations and government control, as well as growing market competition. Insurance premiums fell by 11.2% y/y to RMB 1.4tn in the first ...
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With an output of 34.4mn tonnes, Brazil was the world’s ninth-largest crude steel manufacturer and its fifth-biggest net steel exporter in 2017. The country also plays a central role in the global non-ferrous metals processing sector, being the ...
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The retail sector has been one of the driving forces of the Indian economy, expanding its value added at a CAGR of 11% over FY2013-2017, driven by positive demographic trends, ongoing urbanisation and an increasing middle class population, rapidly ...
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China’s insurance sector witnessed its first quarterly contraction since 2011 amid tightening financial regulations and government control, as well as growing market competition. Insurance premiums fell by 11.2% y/y to RMB 1.4tn in the first ...
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China’s passenger traffic decreased for the ninth consecutive quarter, falling by 5.4% y/y to 4.5bn people in the first three months of 2018. The decline came as the highway subsector, which accounted for 78% of the total traffic, registered a ...
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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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