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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 ꦰand 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.
Argentina is recognised worldwide as one of the major producers and exporters of food and beverages, ranking among the ten biggest global producers of vegetable oils, soybean by-products, pasta and wine. The sector plays a key role in the ♑...
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For the first nine months of 2020, the cumulative value added of China’s iron an🐈d steel sector increased by 5.3% y/y. In the third quarter alone, the production of pig ir♌on, crude steel and steel products rose by 12% y/y, 10.5% y/y ...
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In the third quarter of 2020, China’s hea🌳lthcare sector managed to recover from the challenging months of the COVID-19 outbreak in the first half of the year. Nevertheless, COVID-19 continued to affect the ...
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The revenue of China’s food sector in the third quarter of 2020 reached RMB&n🍌bsp;511.7bn, up by 8.4% y/y. The total profit 🥂of the food sector in July-September 2020 surged by 30.3% y/y to RMB 51.6bn. The positive outcomes ...
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In the first three quarters of 2020, amid the ongoi𓄧ng COVIꦯD-19 pandemic, the government continued to roll out policies and incentives to reduce the construction sector’s financial burden and to promote industry output value ...
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After a correction on their financial result in Q2 2020, the operations of Chinese commercial banks started to show 𓆉green shoots during Q3 2020. The net profit attributable to the parent company of the 36 publicly ...
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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. According𝓰 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 th꧅e 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 th𒉰e&n🐠bsp;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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