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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 transportation sector is almost entirely run by state-owned corporations, as its development is viewed as a major driver for the country’s economic growth. In the railways subsector, there was extensive construction of new ...
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At the end of 2016 there were 163 insurance institutions operating in the People’s Republic of China, of which roughly 30% were foreign-funded or joint ventures. Traditional insurance subsectors, such as life insurance and property insurance, ...
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The banks, which represent 81% of the Turkish financial system by assets, are vital to the financial stability in the country. The local non-bank financial market is underdeveloped and the institutions operating in the segment are small, when ...
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Thailand has one of the largest insurance markets in the ASEAN region, ranking second (after Singapore). Thailand’s insurance sector consists of both local and foreign companies, with local companies possessing a greater share of the market. ...
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The beverages industry is among the most important sectors of the Polish economy, according to our estimates, responsible for around 3% of GDP and a major provider of jobs. The alcoholic beverages Subsector alone generates more than 300,000 jobs. ...
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Mining is one of Russia’s key industries: in 2016 the “mining and quarrying” sector – a category which in Russian statistics includes oil and gas extraction, as well as mining more narrowly defined – generated 8.5% of ...
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The food sector is strategic for China’s economy as it provides sustenance to almost 20% of the world’s population and serves as an impetus for many other sectors like agriculture, transportation, machinery and vehicle manufacturing, and ...
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Thailand's agricultural sector accounted for 8.3% of national GDP and for 31% of total employment in 2016. Agriculture, forestry and hunting claimed 91% of sector output, while fishing contributed 9% in the same year. Thailand is among the world's ...
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Argentina is the second-largest economy in South America after Brazil in terms of nominal GDP. It is an important consumer market with a population of over 43.6mn people, as of December 2016. During the period 2011–2016, the trade sector ...
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China’s communication equipment industry can be broadly divided into communication terminal equipment, including mobile and fixed-line handsets, and communication station equipment. The industry is on a rapid growth path with sales revenue ...
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