China

Slower GDP, higher interest rates.

Total social financing also jumped to RMB2.070b.

The People’s Bank of China (PBoC) announced its intention to widen the official ±1% trading band on 19 February. Since then, it steadily fixed the official USD/CNY parity rate higher to 6.1475 on 21 March, a level not seen since early November.

It claims to be the first foreign bank to provide this service.

On back of higher non-interest income growth.

Thanks to strong fee income growth.

CNY/AUD trade gains extra boost.

But it's in for a very bumpy ride.

It beat forecast by 1%.

Significantly shorter than expected.

It's the lowest since October 2011.

Market experts are saying that the global economy is doing comparatively better than the past few years. It is following the trends of the previous year where there were cautious signs of growth and free liquidity along with the development of financial market.

Activity share is 1.39% in payments value.

Large banks poised to beat smaller peers.

Analyst sees a shift back to bank loan.

Thanks to ower expenses and provisions.