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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 recent years, the admission criteria for foreign banks have been gradually loosened. In 2018, China relaxed the rules on the operation of foreign banks, allowing them to set up branches and subsidiaries. In January 2024, the National Financial ...
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Aiming to accelerate industrial transformation and advance its carbon neutrality goals, the Chinese government has actively promoted the development of the new energy vehicle (NEV) industry. As a result, China has experienced rapid growth in NEV ...
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As a key pillar of the economy, China's oil and gas sector plays an important role in ensuring the country's energy security. In 2024, China's oil and gas production reached a new milestone of 400mn tonnes of oil equivalent (toe). During the year, ...
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China's mobile communications equipment sector can be broadly divided into two sub-sectors: communication terminal equipment (e.g., mobile handsets) and communication station equipment (e.g., base stations and IoT communication modules). In 2024, the ...
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China is the world's largest producer, consumer, and exporter of steel. The country's crude steel production and consumption have both ranked first in the world for 29 consecutive years, according to the China Iron and Steel Association (CISA). In ...
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Policy support, improving consumer awareness and rising affordability have been fuelling the global electric vehicle (EV) market for more than a decade now. With sales rising in double digits, EVs are gradually eating up into the market share of ...
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To satisfy its growing demand for crops and other agricultural products, China, the world's second most populous country and second biggest economy, needs fertilisers to improve its food supply and demand balance. The country has only 9% of the ...
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Since 2017, China has been the second largest pharmaceutical market, after the US, according to Deloitte, and at the end of 2024 it had a share of 10% of the global pharmaceutical market. According to the National Bureau of Statistics (NBS), the ...
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In H1 2025, China's total retail sales rose by 5% y/y to RMB 24,546bn, indicating the steady growth of the country's consumer market. Due to the crucial role of consumption in the economy, the Chinese government has implemented a series of supportive ...
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China's telecommunications sector is relatively concentrated, with a few large state-owned enterprises. However, the government has also introduced new measures to allow more market participants in the sector to boost investment in emerging areas ...
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