China

The move aims to further open the country’s banking sector.

The slowdown is a welcome development as risks particularly in shadow banking are reduced.

This will be driven by infrastructure loans, residential mortgages, and personal consumption loans.

One of the solutions enables direct RMB and Thai baht trade.

There was a 17% YoY reduction of total social financing.

Loan growth may moderate by 1-2 ppt in 2018.

It also expects $138b of new loans.

They expect improvement in overall asset quality with bad loans resolution.

ICBC and PSBC are amongst the fined banks.

This is through a partnership with Kaligo Solutions.

China Development Bank will make $1.59b available for BRI projects.

It benefits banks' funding structure and lifts profits.

Medium and small-sized banks are more vulnerable to these conditions.

According to Reuters, Credit Suisse names Zeth Hung as Asia Pacific co-head of investment banking and capital markets and Carsten Stoehr as the chief executive for Greater China which includes Hong Kong.

China Banking Regulatory Commission targets to eliminate "chaos" in the financial system.

Outstanding assets of shadow banking in China reached $4.3t in December.