China

By Wei Yao, Head of Research and Chief Economist for APAC at Societe Generale.

By Wei Yao, Chief Economist and Head of Research for Asia Pacific at Societe Generale

Despite the deepening troubles in China’s property sector, a financial crisis that could spill over into global markets looks unlikely.

The masks are off and growth is back on! After three lean years, China’s borders are open, travel is possible again and the economy is starting to rebound, the labour market and real estate prices are starting to recover.

Online hits for baby buggies on China’s Baidu search engine have dropped 40% since 2018; searches for baby bottles are down by a third; meanwhile, enquiries about elderly care homes jumped eight-fold last year.

China’s leadership in digital payments has reshaped the way companies think about cash management. It now promises to transform cross-border commerce with the world’s second-biggest economy.

The award recognises our innovations in green cash management products.

A key player in the Asia Pacific renewable energy sector has accessed essential working capital through a pioneering green working capital loan. Societe Generale’s teams worked closely together to provide the advice and funding that made it all happen.

Short-term green deposits are gaining traction as enterprises seek to make a lasting difference in the decarbonisation agenda

A clear focus on sustainability can help Asia access the trillions of dollars needed for the transition to a cleaner, greener future

In light of the acceleration of climate change, the financial services industry has a crucial role to play in addressing the climate crisis and financing the transition to a low-carbon economy.

As Financial Technology (FinTech) becomes more innovative and sophisticated, non-bank FinTech companies have introduced competition to the cash management business of banks. Gavin Wang, Head of Payments and Cash Management, Societe Generale China, shares his views on how banks can enhance their core strengths and provide liquidity management for enterprises...