S. Korea: two years on, Internet-only banks bring about changes to financial sector
In the two years since the launch of the country’s first Internet-only bank, South Korea’s banking sector has moved towards digitalization to better satisfy customers’ growing appetite for convenient and diverse financial experiences. As new Internet-only banks get ready to set sail next year, competition in the industry is expected to get tougher, requiring existing […]
China to offer more financial support for micro, small enterprises
Financial support for micro and small, as well as private enterprises is the most important part of supply-side structural reform in the financial sector, according to Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC). Guo made the remarks when giving an interview after the opening meeting of the second session of […]
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