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China’s Alipay on track to top PayPal

China’s Alipay on track to top PayPal

China’s leading online payment firm Alipay is expected to top US payment provider PayPal by transaction value in two years, becoming the world’s leading e-payment service, according to Polo Shao, president of Alipay


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Private insurers lose ground to LIC

Reversing a decade of market share loss, state-owned Life Insurance Corporation bounced back in 2008 and 2009. The company has regained a significant amount of lost ground from private insurers suffering a slump in demand for unit-linked products, grappling with soaring losses and margin-eroding legislation.

Too much regulation worries Asian banks

An annual survey by the Centre for the Study of Financial Innovation shows that bankers in Asia-Pacific believe that too much regulation and macro-economic trends are the biggest potential threats to the financial services today and could hamper the future development of the industry

Credit Suisse becomes cautious on H2

(Free) One of the world’s leading private banking groups, Credit Suisse, says that while first half prospects for Asia remain sound, sentiment on the second half of the year are less clear. Joseph Tan, a chief economist in its private banking division, says growth and inflation dynamics may prove highly challenging going forward