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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.
China’s banking sector’s assets reached RMB 232.3tn at the end of 2016, expanding strongly by 34.8% from 2015. The fastest growth was reported by commercial banks, making up 77.8% of total assets. The year 2016 was characterised by ...
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Construction is among the largest economic sectors of Peru in terms of share of total GDP, ranking fourth behind only oil and gas, industry and trade. In 2016, construction accounted for 6.3% of domestic GDP, 1.5% of total FDI stock and 5.3% of ...
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The deep economic recession in Brazil in 2016 pushed down the demand for loans and the profitability of the domestic banking system. The value of outstanding loans decreased for the first time in two decades, by 3.5% y/y to BRL 3.1tn (USD 954bn), ...
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China is the largest cement producer in the world, accounting for 57.4% of the global cement output in 2015, according to estimates from the US Geological Survey’s National Minerals Information Center (USGS). The cement sector in China is ...
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The Philippines has the fifth largest insurance sector in the ASEAN region, although insurance penetration and density remain lower in the Philippines than in many of its more developed ASEAN counterparts. The relatively undeveloped state of the ...
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With a population of some 31.9mn, Malaysia is one of the more developed countries in the ASEAN region. In 2016 the construction and real estate sector collectively employed 1.3mn people, accounting for 9.4% of total employment. That same year, ...
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The electric power industry in Russia generates 3% of the country’s gross domestic product (GDP) and the government sees it as a strategically important sector. So, in accordance with the Federal Law, the Russian government controls key assets ...
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The travel and tourism sector plays a significant role in Malaysia’s economy, directly contributing 4.7% to Malaysia’s 2016 GDP and accounting for 12% of total employment. Thus, travel and tourism receives considerable attention from the ...
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Brazil is the eighth-largest pharmaceutical market in the world. In 2016, the retail drug market, based on ex-factory prices, rose by 15.5% y/y to BRL 87.2bn, supported by upward price dynamics and steady demand for innovative patented drugs. In ...
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China's healthcare system is hospital-centric, with public hospitals delivering approximately 90% of the inpatient and outpatient care consumed in the country in both hospitals and basic medical institutions. Nearly 40% of hospitals’ revenue is ...
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