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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.
The abundance of low-cost fossil fuels has predefined the low uptake of renewable energy resources and the strong presence of oil, natural gas and coal in Russia’s power generation mix. Furthermore, of the nearly 55 GW total RE ...
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After a steady growth in Q1 2021, China’s insurance sector contracted significantly in Q2 2021. The premium income from April to June 2021 dropped by 13.2% y/y, compared to a rise of 7.8% in Q1 2021. The premium slump in Q2 dragged ...
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In the second quarter of 2021, the air passenger traffic soared by 95.7% y/y to 143.4mn persons, thanks to a jump in demand for domestic passenger. The domestic passenger traffic in Q2 2021 surged by 96% y/y to 143mn persons. The ...
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China’s telecommunications sector is among the sectors that were least impacted by the COVID-19 pandemic, as the lockdown measures encouraged the demand for online communication. Compared with the 1.8% y/y increase in total revenue in ...
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In the second quarter of 2021, the sales volume and sales revenue of China’s real estate sector reached 526mn m2 and RMB 5,455bn, which represented y/y increases of 11.2% and 17.2%, respectively. Compared to the ...
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