Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
Westpac Names Anthony Miller Group CEO as Peter King Retires After Five Years
Westpac has appointed Anthony Miller as Group CEO from 16 December 2024, succeeding Peter King, who retires after a 30-year career at the bank.
Australia Passes Mandatory Climate Disclosure Legislation Requiring Large Entities to Report from January 2025
Australia's Parliament passed mandatory climate-related financial disclosure requirements on 9 September 2024, taking effect for the largest entities from 1 January 2025.
HKMA Fines WeChat Pay Hong Kong HK$875,000 for AML and CTF Compliance Failures
Hong Kong's HKMA penalised WeChat Pay Hong Kong HK$875,000 for AML/CTF breaches in its stored value facility operations spanning 2016 to 2021.
India Appoints CS Setty as Chairman of State Bank of India, Succeeding Dinesh Khara
The Indian government appointed CS Setty as Chairman of State Bank of India with effect from 28 August 2024, succeeding Dinesh Khara for a three-year term.
APRA's 2024–25 Corporate Plan Targets CPS 230 Rollout and First System-Wide Stress Test
APRA's 2024–25 Corporate Plan sets CPS 230 operational risk rules for July 2025 and announces APRA's first system stress test to examine interconnections across the financial system.
Mizuho Financial Group Issues EUR 500 Million Green Bond to Fund Renewable Energy and Low-Carbon Projects
Mizuho Financial Group issued a EUR 500M green bond on 27 August 2024 maturing in 2030, aligned with ICMA Green Bond Principles and backed by a Sustainalytics second-party opinion on its green bond framework.
Westpac Becomes First Australian Bank Backed by CEFC Household Energy Upgrades Fund
Westpac has launched sustainable home upgrade loans backed by the CEFC's AUD 1 billion Household Energy Upgrades Fund, the first such product in the Australian market.
Westpac Acts as Joint Lead Manager on Mirvac's AUD 400 Million Green Bond, the First AUD Green Bond Under Mirvac's Sustainable Finance Framework
Westpac supported Mirvac's AUD 400M green bond as joint lead manager — the first Australian dollar green bond issued under Mirvac's Sustainable Finance Framework and certified by the Climate Bonds Initiative.
Bangko Sentral ng Pilipinas Cuts Overnight Rate by 25 Basis Points to 6.25% in First Easing Since 2020
The BSP has cut its overnight reverse repo rate by 25 basis points to 6.25%, its first reduction since November 2020, even though July inflation of 4.4% was above the 2–4% target band.
Bangladesh Bank Appoints Dr. Ahsan H. Mansur as 13th Governor Following Political Upheaval
Dr. Ahsan H. Mansur, a former IMF economist and Policy Research Institute chief, has been named Bangladesh Bank's 13th Governor following the ousting of the Awami League government.
Commonwealth Bank of Australia Lifts Full-Year Dividend to A$4.65 Per Share and Returns A$8 Billion to Shareholders
CBA raised its total FY2024 dividend to A$4.65 per share fully franked and returned A$8B to shareholders through dividends and buy-backs, with CET1 at 12.3%.
DBS Appoints Tan Su Shan as Deputy CEO and CEO-Designate to Succeed Piyush Gupta in 2025
DBS has appointed Tan Su Shan as Deputy CEO and CEO-designate, set to succeed Piyush Gupta when he retires on 28 March 2025 after 15 years leading the Singapore bank.