Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
Bank of Papua New Guinea keeps Kina Facility Rate at 5% as it projects slower 2026 growth
BPNG's Monetary Policy Committee also held the cash reserve requirement at 9.0%, as the central bank projected growth of about 3% in 2026 after an upwardly revised 5.3% in 2025.
PhonePe Targets Up to $10.5 Billion Valuation in India IPO to Raise $1.05 Billion
Walmart-backed PhonePe is targeting an IPO valuation of $9–10.5 billion in India and aims to raise up to $1.05 billion in what could be the country's second-largest fintech listing.
Vietcombank Seeks Shareholder Approval for 100%-Owned Subsidiary at Vietnam's International Financial Centre
Vietcombank is seeking shareholder approval to establish a wholly owned bank subsidiary at Vietnam's new International Financial Centre.
Sea Limited Reports FY2025 Revenue as Monee Loan Book Grows 80%
Sea Limited posted FY2025 group revenue of $22.9 billion, up 36% year-on-year, with net income jumping 260% as Monee's loan book grew 80% to $9.2 billion.
Rabobank Australia Appoints Caroline Oosterbaan as CEO and Regional Manager for Australia and New Zealand
Caroline Oosterbaan has taken over as Rabobank Australia CEO and Regional Manager for Australia and New Zealand, succeeding Mark Wiessing who retired after over two decades with the group.
Bank of Queensland Installs Rod Finch as CEO as Patrick Allaway Retires
Rod Finch has been named CEO of Bank of Queensland following the retirement of Patrick Allaway.
Mizuho Financial Group Names Hidekatsu Take as Chairman and Makoto Samejima as CFO in April 2026 Board Reshuffle
Mizuho Financial Group has announced a broad board and management reshuffle, with Hidekatsu Take becoming Chairman and Makoto Samejima Group CFO from April 1, 2026.
Bangladesh Bank Appoints Md Mostaqur Rahman as Governor Under Section 10(5), Replacing Dr. Ahsan H. Mansur
Md Mostaqur Rahman has been appointed Governor of Bangladesh Bank for a four-year term, replacing Dr. Ahsan H. Mansur whose tenure was cancelled by the government.
Bank of Thailand cuts policy rate to 1.00% in surprise move as growth and inflation stay weak
A 4-2 majority of the Monetary Policy Committee voted for an unexpected 25bp cut, citing below-potential growth, rising downside risks to inflation and debt burdens on SMEs and households.
Fudan-Griffith report tracks China's green finance progress in 2025, led by a unified taxonomy
An independent review by the Green Finance & Development Center and Griffith Asia Institute highlights a single green taxonomy, carbon-market expansion and a rebound in green bond issuance.
Ant Group's Alipay AI Pay Reaches 100 Million Users During Chinese New Year
Alipay AI Pay crossed 100 million users on 23 February 2026, which Ant Group described as the world's first AI-native payment product at that scale.
State Bank of India targets 7.5–10% green share of advances by 2030
SBI said on 22 February 2026 it aims to lift green advances from 1.56% of its loan book to between 7.5% and 10% by 2030, with a quarter of green lending to be funded through green lines of credit.