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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.
In 2023, China's total cement production declined by 5.0% y/y to 2.02bn tonnes. Due to energy consumption control, production limits and rises in coal prices, the cement industry's supply chain was impacted, and the cement price witnessed a slight ...
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China's mobile communications equipment sector can be broadly divided into two subsectors: communication terminal equipment (e.g., mobile handsets) and communication station equipment (e.g., base stations and IoT communication modules). In 2023, the ...
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China's automotive sector continued to rank first globally in terms of production and sales in 2023. According to the statistics published by the China Association of Automobile Manufacturers (CAAM), the country's total motor vehicle output and sales ...
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In 2023, China's total retail sales rose by 7.2% y/y to RMB 47,150bn, mainly boosted by the country's relaxation of pandemic-related restrictions since end-2022 and the effective consumption stimulating policies during 2023. Due to the crucial role ...
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The transportation sector in Malaysia generates between 3% and 3.5% of the country's GDP and accounts for approximately 3.5% of all jobs on the domestic labour market. In 2023, the contribution to of the transportation, storage and communications ...
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At the United Nations Framework convention on Climate Change (UNFCCC) in October 2022, Singapore committed to achieving net zero emissions by 2050. For 2030, the country has set the target for Greenhouse Gas (GHG) emissions at 60mn tonnes. As of 2023 ...
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The renewable energy (RE) sector in Emerging Europe* has surged in recent years, bolstered by government policies aimed at diversifying energy sources and reducing the reliance on Russian energy. The European energy crisis, triggered by Russia's ...
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