China's banking goliath: from growth engine to economic drag
you are currently viewing:China's banking goliath: from growth engine to economic dragMarch 6, 2026-China's banking system has long been utilised as a quasi-government tool to channel China’s huge household savings towards the government's objectives. This has been instrumental to the country's economic miracle, yet the support it provides is diminishing as banks face rapidly falling profitability and stretched balance sheets. This will have important consequences for the Chinese economy. Thirty years ago, China lacked a functional financial sector. By 1998, banks were saddled with 50% non-performing loans, prompting a massive recapitalisation. The rebuilt system, centred around four giant, state-owned banks, amassed deposits from a thrifty population who could not move their money abroad due to capital controls. Source: Bruegel |
February 2, 2026-Tokyo Stock Exchange, Inc. (TSE) has announced that we will change the trading unit for 4 ETFs and will start trading in the new trading unit from February 16, 2026 as follows. In addition, in line with the change in the trading unit, the tick size will be changed from the same day.
January 29, 2026-Hong Kong's First ETF Offering Physical Gold Redemption Through the Bank
Low Entry Threshold and Diverse Unit Classes to Meet Diverse Investor Needs
Hang Seng Investment Management Limited ('Hang Seng Investment') launched the Hang
Seng Gold ETF (Stock code: 3170),which commenced trading on the Hong Kong Stock
Exchange today.