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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 the second quarter of 2021,🌟 the air passenger traffic soared by 95.7% y/y to 143.4mn persons, thanks to a jump in demand for domestic passenger. The domestic passeng🌱er traffic in Q2 2021 surged by 96% y/y to 143mn persons. The ...
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China’s telecommunications sector 🐓is among the sectors that were least impacted by the COVID-19 pandemic, as the lockdown measures encour♍aged the demand for online communication. Compared with the 1.8% y/y increase in total revenue in ...
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In the second 🌜quarter of 2021, the sales volume and sales revenue of China’s real estate sector reached 526mn m2 and RMB 5,455bn, which represented y/y increases of ♕11.2% and 17.2%, respectively. Compared to the ...
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As China focuses on advancing its domestic economy, th♑e development of the infrastructure market faces great opportunities bܫut also major challenges. In terms of market competition, the number of infrastructure enterprises is increasing, ...
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China’s car parts market saw sales revenue rise 𝄹by 0.35% y/y to&nbs🔯p;RMB 3.6tn in 2019, according to figures supplied by the China Association of Automobile Manufacturers (CAAM), collated from 13,750 car parts manufacturers ...
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