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.
In Q3 2020, the automotive sector in China continued to improve in terms of production and sales on the back of economic recovery. The automotive production increased by 14.1% y/y to 6.8mn units. Output of passenger car and commercial ...
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In the third quarter of 2020, China’s air transportation sector witnessed steady recovery as a result of containing the domestic coronavirus crisis. According to the Ministry of Transport (MOT), during Q3 2020 China’s ...
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While China is recapping its achievements at the end of the 13th Five-Year Plan (FYP) in 2020, it is also getting prepared to enter the next stage of development and at the same time dealing with the impact of the COVID-19 pandemic that abruptly ...
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The Indian GDP growth has been slowing down since Q2 2018, and in Q1 2020, it was the slowest over the previous 26 quarters. This has been a result of lower consumer demand and a decline in manufacturing activity. The dampening economic ...
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Following a challenging first half of 2020, Chinese economic growth improved in the third quarter of the year. The GDP increase of 4.9% y/y registered in the period was mainly attributed to the recovery of domestic consumer market and the ...
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In the third quarter of 2020, the performance of China’s chemical sector continued to improve, supported by increased downstream demand from many sectors and the reduction of cost pressure as a result of ...
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The revenue of China’s beverage sector rose by 2.8% y/y to RMB 391.7bn in the third quarter of 2020, as some major beverages’ sales started to recover after the successful containment of the coronavirus outbreak.? Beverage ...
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Russia’s pharma and healthcare sector holds significant growth potential, stemming from the country’s large and aging population. Russia is home to largest pharmaceutical market in Central and Eastern Europe and is a ...
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Years after the 2015-2016 economic recession that profoundly changed the Brazilian construction sector, recovery progressed strongly in 2019 with record-high new residential building launches and sales, and a commitment by the new ...
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In the third quarter of 2020, China’s real estate sector had a strong performance both in terms of demand and supply, benefiting from the country’s effective containment of the coronavirus and many favourable political ...
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