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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.
Malaysia has a highly developed pharmaceuticals and healthcare sector. Malaysia’s healthcare system is two-tiered. The Ministry of Health (“MoH”) provides comprehensive, taxpayer-funded healthcare services for Malaysian ...
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India’s banking sector is regulated and governed by the RBI, which was established in April 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The government allowed the entry of private players in the ...
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In Q3 2021, Chinese residents’ expenditures on medicine and medical services continued to increase. Per capita spending of urban residents reached RMB 635, up by 10.8% y/y, and that of rural residents recorded a growth of 9 ...
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The COVID-19 pandemic generated a sizeable drop in tourism revenue in Colombia. The different restrictions on travelling imposed around the world and domestically were reflected in a drop in the sector’s share in the overall ...
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In 2020, Chile sustained its position as the world’s leading copper mine producer, with a 27.8% share in global output; the second biggest molybdenum miner, with a 20.6% share; and the fourth largest producer of silver, with a 6.4% share. The ...
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In Q3 2021, China's banking sector maintained steady growth, despite the country's GDP growth slowing down to 4.9% y/y from 7.9% in Q2. As a result, Chinese banks' profitability continued to improve during this period. After significant growth of 23 ...
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In the third quarter of 2021, China’s retail sales of consumer goods reached RMB 10,615bn, which represented a y/y increase of 5%. The strong performance of the retail sector was mainly attributed to the higher income of the country‘s ...
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In Q3 2021, China’s construction sector saw 6.5% y/y growth in total sector gross output value, amounting to RMB 7.1tn. As the government exercises caution about the ongoing global pandemic, domestic construction activities remain a crucial ...
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