Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
Australia's Treasurer Approves ANZ Group's A$4.9 Billion Acquisition of Suncorp Bank
Federal Treasurer Jim Chalmers approved ANZ's A$4.9 billion takeover of Suncorp Bank on 28 June 2024, ending nearly two years of regulatory examination of the deal.
Agricultural Bank of China Appoints Wang Zhiheng as President Following Regulatory Approval
Wang Zhiheng has been approved as President of Agricultural Bank of China by the National Financial Regulatory Administration, effective 28 June 2024.
Bangko Sentral ng Pilipinas Holds Overnight Rate at 6.50% Amid Global Easing Trend
The Bangko Sentral ng Pilipinas held its overnight reverse repo rate at 6.50% in June 2024, maintaining a tight stance as Philippine CPI stood at 3.9% year-on-year.
China's NFRA approves WeBank to establish technology subsidiary in Hong Kong
The regulator's Shenzhen office approved a wholly owned WeBank technology unit in Hong Kong with US$150 million of capital, to manage the digital bank's overseas business.
RBI Imposes ₹1.455 Crore Penalty on Central Bank of India for Lending and Customer Protection Breaches
The Reserve Bank of India fined Central Bank of India ₹1.455 crore for three regulatory violations identified during its 2022 supervisory inspection.
People's Bank of China and BCRA Renew Active Tranche of Yuan-Peso Currency Swap to July 2026
The People's Bank of China and Argentina's BCRA have renewed the active tranche of their bilateral currency swap, extending yuan liquidity support for Argentina to July 2026.
UOB Thailand Appoints Richard Maloney as CEO and Names Vira-Anong C Phutrakul Deputy CEO
UOB Thailand has appointed Richard Maloney as CEO effective 1 July 2024, with Tan Choon Hin returning to Singapore and Vira-Anong C Phutrakul named Deputy CEO.
Reserve Bank of India holds repo rate at 6.50% for eighth consecutive meeting
The RBI's MPC voted 4-2 on 7 June 2024 to keep the repo rate at 6.50%, stayed focused on withdrawal of accommodation and raised its FY25 growth forecast to 7.2%.
Australia's AOFM Issues Inaugural AUD 7 Billion Sovereign Green Bond with 3.3x Oversubscription
Australia's AOFM priced its first federal sovereign green bond at AUD 7 billion maturing 2034, drawing AUD 22.89 billion in bids at a 3.3x bid-to-cover ratio.
Bank of Communications Appoints Zhang Baojiang as President, Succeeding Liu Jun
Bank of Communications disclosed Zhang Baojiang's appointment as President to the Hong Kong Stock Exchange in June 2024, as the Chinese state-owned major bank changes its top leadership.
China Construction Bank Appoints Zhang Yi as President Following Board and NFRA Approval
China Construction Bank has named Zhang Yi as President effective 3 June 2024, following approval by the CCB Board and China's National Financial Regulatory Administration.
RBI fines Yes Bank ₹91 lakh over minimum-balance charges and misuse of internal accounts
The Reserve Bank of India penalised Yes Bank for levying charges on savings accounts with insufficient or zero balance and for operating internal accounts in customers' names for unauthorised purposes.