Banks

HSBC's chief executive Georges Elhedery said the bank is on track to make $300m of savings by the end of 2025; the London-headquartered bank has also exited its Bahrain retail business and announced a $2bn share buyback.

The facility will support the Mongolian bank's green loan activities, targeting MSMEs and retail customers; meanwhile, billions of dollars of financing are needed in Mongolia to hit SDG goals.

The Shenzhen-headquartered lithium-ion battery maker has named seven banks involved in the listing process.

The global investment bank has appointed the former Barclays and JP Morgan banker as a managing director in its financial sponsors group.

Shenzhen Metro Group is the Chinese property giant's largest shareholder with the move coming after Vanke said it could make a loss of up to Rmb45bn in 2024.

Hong Kong-based Maisant has replaced Sébastien Pietryk as Apac head of distribution and asset rotation, overseeing the bank's Apac loan activities; Pietryk has moved onto a different role at the bank.

Chang, president of Citibank Taiwan and vice chair of Asia North corporate banking, will succeed Aftab Ahmed, who is retiring, on April 1.

K. Balasubramanian, Asia South head of corporate banking, has been appointed India subcontinent sub-cluster & banking head and India Citi country officer & banking head designate, to replace Khullar's current role.

BoCom becomes the first Chinese financial institution to issue a digitally native bond in Hong Kong with a $300m floating rate offering.