The ratios for commercial banks vary significantly, ranging from less than 5 percent for China Everbright Bank and China Minsheng Bank to roughly one-fifth for China Guangfa Bank, the sources said.
Ms Nor Rejina also pointed out the fact that ASEAN member countries are in varying stages of development, referring to the divergence between a developed economy such as Singapore and frontier markets, Vietnam and Myanmar.
Another interesting statistic to note is that if one were to look at the chart for the crony income and non-crony income in the countries listed, there is usually a substantial and noticeable gap between the two.
The study measures overall reputation taking into consideration how Australians feel about their products, innovation, workplace, corporate citizenship, and governance, among other criteria.
Asian investors also had a better understanding of investment terminology, with 46% of investors answering questions on ‘rate of return’ correctly, compared to the global average of 44%.
China is expected to grow 6.5% this year, down from 6.9% last year, reflecting its transformation to a new growth model. The region as a whole is projected to grow by a robust 5.7% in 2016, said Nakao.
Frost & Sullivan's study, Fintech in Australia – Trends, Forecasts and Analysis 2015 – 2020 defines and focuses on the growth and challenges of the Australian Fintech sectors' three market segments
Investment professionals concerned with flaws in automated advice, mis-selling of financial advice, and data protection