Based in Bangkok, Nattaphan Assavavisessivakul will become Citi's head of markets, Thailand, in August.

Chan was most recently head of the bank's financial institutions group for Singapore and reports to Mark Harding.

The Hong Kong hedge fund has taken the difficult decision after 16 years of trading, as the SFC prosecutes the firm, chief investment officer Simon Sandler, and a former trader, for insider trading.

Following a Rmb300bn lending boost for unfinished flats from the PBOC, BNP Paribas analysts believe a bottom for property prices might be reached in the second half of 2025.

In order to help residents use the currency in Hong Kong, the HKMA has linked the digital currency with the Faster Payment System. In addition, corporate use cases for cross-boundary trade settlement will be explored.

Analysts see limited initial market impact, but there is concern over the precedent, which other countries might follow in the future, negatively impacting equity risk premiums.

A Greenpeace study on 2021-issued government municipal bonds in China reveals a large number of projects with green potential. But local governments face challenges and are unwilling to issue green products.

Asia’s infrastructure sector is at a crucial stage of growth and transformation, offering appealing investment prospects. Long term partnerships will be key.

Central banks in China, India and Singapore have added to their gold reserves amid geopolitical and foreign exchange uncertainties.

With the bulk of its business coming from Asia, Europe’s largest bank is planning for a new leader to take the helm, most likely in 2025.