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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 H2 FY2024, the Indian government actively shaped the regulatory policies that govern the telecommunications sector in India. In June 2023, India presented the "Ubiquitous Connectivity" concept as a potential application for the upcoming 6G ...
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In H2 FY2024, the Indian government intensified its efforts to reform the nation's insurance sector. The government released additional information regarding the "Bima Trinity" in this half-year. These three policies are designed to achieve the ...
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In recent years, the admission criteria for foreign banks have been gradually loosened. In 2018, China relaxed the conditions regarding the operation of foreign banks, allowing them to set up branches and subsidiaries. In January 2024, China's ...
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The total sales revenue of China's car parts sector reached RMB 3.88tn in 2022, which represented an increase of 3.6% y/y, according to data released by Qianzhan. By end-2022, the number of China's car parts companies reached over 100,000, and nearly ...
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The Thai government has identified infrastructure development as an essential driver of economic growth. The construction of a sizable public transportation infrastructure has reduced persistent congestion in the Bangkok Metropolitan Region. This ...
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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 is the world's largest producer and consumer of alcoholic beverages, producing almost one-half of the world's spirits and nearly one-fifth of the world's beer. In 2023, the country's beer output amounted to 35.6bn litres, ranking first in the ...
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China is one of the largest food producers and consumers globally. It has been the world's biggest producer of grain and meat since 2012, according to the National Bureau of Statistics (NBS). In addition, the country is the world's biggest consumer ...
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The steel industry is vital to driving economic growth and advancement in India, serving as a crucial raw material with strategic importance for sectors such as automotive, construction, and transportation. Its significant influence is highlighted by ...
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