Payment news, March 23

Never before has an Asia treasurer had such an important role in driving shareholder value, writes BoA Merrill's Ivo Distelbrink.

Through the Hong Kong IPO of its sportswear division, China’s largest shoe retailer will show the world how much it has transformed its vast retail network with the power of digital technology.

The US bank continues to hire across its investment banking division in the region, adding new staff in China and Korea.

Distelbrink leaves Citi just eight months after being promoted to head of treasury and trade solutions for Asia-Pacific and Japan.

By backing a $6.8 billion management buyout for Belle International, the private equity firm hopes to help the company revitalise its sales by embracing the online world.

South Korea is taking its sustainability drive to the next level after two non-financial companies raise a combined $1 billion from sustainability bonds.