Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
PBOC Sticks to Accommodative Policy for China's Growth
People's Bank of China Governor Pan Gongsheng vows continued accommodative monetary policy to bolster high-quality development, citing tools such as the reserve requirement ratio, policy rates and open market operations amid yuan stability efforts.
Philippines Producers Bank Taps Infosys Finacle for Digital Overhaul
Producers Savings Bank Corporation in the Philippines has selected Infosys Finacle's core banking and origination solutions to modernize its operations and expand lending to SMEs and retail clients.
QCC Partners Southeast Asian Card Issuer on CAKU Platform
CLPS Incorporation's subsidiary QCC has teamed up with an emerging Southeast Asian financial institution to roll out the CAKU-powered digital banking solution, targeting credit cards and personalized services. CLPS says the partnership strengthens its fintech capabilities.
DBS, Bank of China Ink MOU for Regional Fintech Push
DBS and Bank of China signed a memorandum of understanding in Beijing to expand cooperation in fintech innovation, cross-border RMB solutions, and sustainable finance, targeting Singapore, Indonesia, and Vietnam. The pact aims to boost Chinese firms' global expansion and regional trade flows.
HSBC Elevates Jack Yang as Asia-Middle East Finance Chief
HSBC has appointed Jack Yang as CFO for Asia and the Middle East, the latest leadership change as CEO Georges Elhedery overhauls the bank.
PBOC sells RMB60bn of six-month bills in Hong Kong at 1.48% coupon
The People's Bank of China issued RMB60 billion of six-month bills through the HKMA's Central Moneymarkets Unit, drawing bids of RMB141.63 billion at a tender on 25 March 2026.
Philippines' Metrobank Ends Sustainability Bond Sale Early on Demand Surge
Metropolitan Bank & Trust Co. shut its Series F ASEAN Sustainability Peso bonds offer a week ahead of schedule on March 23, fueled by robust institutional and retail interest. The 1.5-year bonds, yielding 5.4727%, fund green and social assets under the bank's framework.
RBI Slaps Penalties on Multiple Indian Banks for Violations
The Reserve Bank of India fined five cooperative banks and an NBFC between Rs 30,000 and Rs 1 lakh for breaching KYC norms, governance standards, and Banking Regulation Act rules, in orders dated March 11-20 and announced on March 23.
Fiuu Surges to US$13B Payments in Southeast Asia Expansion
Southeast Asian fintech Fiuu processed US$13 billion in payment volume in 2025, up 32.65% year-on-year, amid ecosystem expansions like Samsung Pay in Malaysia and Tap to Pay in Singapore. The firm eyes Mastercard Click to Pay and cross-border solutions in 2026.
JP Morgan Names HSBC Veteran Badhwar India Chief
JP Morgan has appointed HSBC's Rahul Badhwar as its senior country officer for India, effective July 2026, succeeding Kaustubh Kulkarni, who left to join Citi. Based in Mumbai, he will report to Asia Pacific CEO Sjoerd Leenart and join the regional management committee.
EIB Global, Techcombank Strike €200M Vietnam Climate Deal
EIB Global and Vietnam's Techcombank have secured a €200 million credit line to fund private-sector green projects, targeting renewable energy and sustainable transport amid Vietnam's push for net-zero by 2050.
Asia Pacific CFOs Demand Flexible Digital Capital Tools: Visa Index
Visa's 2025-2026 Working Capital Index exposes stark gaps in Asia Pacific firms' access to tailored finance solutions amid economic pressures.