On April 23, Dr. Xie Jun, the newly appointed President and CEO of Asia Pacific Investment Bank (APIB) and Asia Digital Bank (AsiaDB), paid a visit to the Labuan Financial Services Authority (Labuan FSA) in Malaysia. During the visit, he held in-depth discussions with Datuk Iskandar Mohd Nuli, Deputy Director General of LabuanFSA. Mr. Liu Xuming, Chairman of the Boards of both banks, also participated in the meeting.
As licensed financial institutions established in Labuan, Malaysia, APIB and AsiaDB have consistently adhered to their development strategy of “based in Labuan, extending across ASEAN, and oriented towards the Asia-Pacific.” The banks are committed to providing cross-border financial services driven by cutting-edge digital technology for regional clients. In recent years, both banks have made significant progress in building digital financial infrastructure, innovating cross-border service models, and advancing inclusive finance practices, contributing actively to the development of digital finance in Malaysia and the wider region.
At the beginning of the meeting, Datuk Iskandar Mohd Nuli warmly congratulated Dr. Xie Jun on his new appointment and expressed his hopes that under Dr. Xie’s leadership, the two banks would achieve even higher-quality growth. He emphasized that the Labuan FSA remains committed to creating a robust, transparent, and forward-looking regulatory ecosystem and welcomes more innovative and internationally oriented institutions like APIB and AsiaDB to deepen their roots in Labuan and extend their reach across the region.
During the discussions, both sides reviewed the banks’ development journey and held in-depth exchanges on the strategic adjustments related to the ongoing structural reorganization and the future development directions. Dr. Xie emphasized that restructuring is a key opportunity to advance towards sustainable and high-quality development, helping to optimize business structures, strengthen risk management, and enhance service capabilities. He stressed that moving forward, both banks would continue to drive business transformation through technological innovation and focus on key areas such as cross-border trade, digital assets, and supply chain finance to build a regionally influential digital financial ecosystem.
Dr. Xie further emphasized the banks’ commitment to operating in compliance under the guidance of Labuan FSA and is committed to promoting the widespread adoption of digital and inclusive finance, leveraging fintech to support inclusive economic development across the region and deliver broader and deeper service offerings to Malaysia and global markets.
In response, Datuk Iskandar Mohd Nuli expressed his full recognition and conveyed his expectations for the banks’ next stage of development. He stated that the Labuan FSA will continue to strengthen regulatory support and policy guidance, encouraging financial institutions to pursue innovative practices while ensuring compliance, and jointly promote the high-quality development of Labuan as an international business and financial center.
