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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. ♊
According to💎 the 2019 Global Competitiveness Index of the World Economic Forum (WEF), there are significant disparities between the economies of ASEAN countries. For example, while Singapore was deemed the world’s most competitive ...
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China’s telecommunications sector is among the 🌸industries least impacted by the COVID-19🔯 pandemic, as the lockdown measures encouraged the demand for online communication. In Q2 2021, the total revenue of the telecommunications sector ...
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As th𒁏e global epidemic is being contained and China’s economic growth has returned to normal, the growth of the country's healthcare sector is likely to gradually slow down to pre-pandemic levels. In the second quarter of 2021, the ...
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