<p>在本周亚洲最大贷款协会会议的间隙，私下交流的主题被一个话题主导：伊朗战争如何动摇了对中东的热情。</p>
<p>这种情绪与几周前形成了鲜明对比。在 1 月底，亚太贷款市场协会（APLMA）在迪拜举行了首次会议，约有 300 人参加，其中近一半是从地区外飞来的。</p>
<p>当时的讨论主要集中在亚洲与中东之间迅速扩展的融资联系上。即使是一些在该地区没有实体存在的中国银行也渴望放贷，帮助推动去年的贷款承诺达到创纪录水平。</p>
<p>对于许多亚洲贷款机构而言，该地区已成为 2026 年的关键增长引擎，提供了缓解国内交易流放缓和价格竞争加剧的机会。</p>
<p>然而，随着该地区敌对行动的加剧，这种乐观情绪迅速消退。在本周的 APLMA 会议上，中东冲突在走廊的谈话中占据了重要位置，尽管在正式的讨论小组中几乎没有提及。私下里，银行家们谈到重新评估他们在海湾地区的雄心，并权衡因冲突引发的日益增长的风险清单。</p>
<p>这进一步加剧了最近几天已经出现的担忧迹象。包括汇丰控股和渣打银行在内的几家全球贷款机构，作为亚洲贷款市场的主要安排者，已告知一些中东客户，涉及亚洲资产负债表的一些交易需要暂时搁置，消息人士透露。</p>
<h3>在新的全球秩序中导航亚洲</h3>
<p>获取洞察，送达您的邮箱。</p>
<p>一些来自日本、大中华区和新加坡的银行也在审查他们的贷款管道和现有风险敞口。几家银行正在考虑将重点转向其他市场，包括韩国和澳大利亚，目前这些市场的风险相对更为稳定。</p>
<p>此外，一家主要的新加坡银行已根据知情人士的说法，搁置了其 2026 年的中东扩张计划。其香港团队在 2 月份曾前往迪拜与客户会面，但此后已被指示暂停讨论。</p>
<p>汇丰和渣打的发言人拒绝置评。</p>
<p>另见</p>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/118874774ef11f02ef9c0a0cf20afe7ad36c88802ed400d40d0b2b165ccd6f28/query-ZHByPTEmZj13ZWJwJnc9OTYw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/118874774ef11f02ef9c0a0cf20afe7ad36c88802ed400d40d0b2b165ccd6f28/query-ZHByPTEmZj13ZWJwJnc9OTYw"/></p>
<h3>随着亚洲人才竞争加剧，高管跳槽至竞争对手</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/8cb0086268774e2777c3641eb5dc53ec234e28f8b2cce5e5a45dde257d057938/query-ZHByPTEmZj13ZWJwJnc9OTYw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/8cb0086268774e2777c3641eb5dc53ec234e28f8b2cce5e5a45dde257d057938/query-ZHByPTEmZj13ZWJwJnc9OTYw"/></p>
<h3>华尔街银行为阿联酋员工提供临时搬迁选项</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/1907b1b33740eb2a63a89f59298e0e16f9a6ce8da7b23b42f6b5ff73c1a816ae/query-ZHByPTEmZj13ZWJwJnc9OTYw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/1907b1b33740eb2a63a89f59298e0e16f9a6ce8da7b23b42f6b5ff73c1a816ae/query-ZHByPTEmZj13ZWJwJnc9OTYw"/></p>
<h3>新加坡借助摩根大通、瑞银推动区域黄金中心的雄心</h3>
<p>这一转变发生在中东快速扩张的时期。自去年以来，亚洲贷款机构在该地区的参与稳步增加。根据 APLMA 的数据，2025 年对中东和北非的银团贷款量增长了 12%，达到约 1800 亿美元，而亚太地区（不包括日本）的贷款量则下降了约 18%。</p>
<p>尤其是中国银行，已在加大其在该地区的存在。根据彭博社汇编的数据，它们对该地区的贷款几乎增长了三倍，达到创纪录的 157 亿美元。这些银行因低成本资金而充裕，正在扩大海外业务，因为国内信贷需求减弱，亚洲贷款市场的价格竞争加剧。</p>
<p>但中东两周的军事行动升级震惊了该地区的居民和游客，引发了油气市场的极端波动，扰乱了全球金融，并影响了运输路线。</p>
<p>一 major 中国银行最近采取了罕见的措施，限制对与阿布扎比政府相关的金融实体的双边融资提款，知情人士表示。同时，至少有两家中国银行的香港银行家被要求每天向总部提供有关区域风险和贷款敞口的最新情况，其他消息人士称。BLOOMBERG</p>
<p>解码亚洲通讯：您在新的全球秩序中导航亚洲的指南。在此注册以获取解码亚洲通讯，送达您的邮箱，免费。</p>

华宝中证银行ETF

汇丰控股

汇丰

招商中证银行AH价格优选ETF

渣打银行

汇丰控股有限公司

HSBH

中证银行ETF

华安中证银行ETF

<p>亚洲银行正在重新评估在海湾地区的贷款策略，原因是伊朗战争带来的风险不断升级。这标志着早期对亚洲与中东之间融资联系扩展的乐观态度发生了重大转变。汇丰和渣打等主要贷款机构正在暂停涉及亚洲资产负债表的交易，而来自日本、大中华区和新加坡的银行也在审查其现有的风险敞口。一些机构甚至将重点转向更稳定的市场，如韩国和澳大利亚，反映出对地区不稳定及其对全球金融影响的日益担忧</p>

<p>ON THE sidelines of a meeting this week of Asia’s largest loan association, private conversations were dominated by a single theme: how the Iran war has rattled enthusiasm for the Middle East.</p>
<div class="lb-trans"><p>在本周亚洲最大贷款协会会议的间隙，私下交流的主题被一个话题主导：伊朗战争如何动摇了对中东的热情。</p>
</div><p>That mood marked a sharp reversal from just weeks earlier. In late January, the Asia-Pacific Loan Market Association (APLMA) held its first-ever conference in Dubai, with some 300 people in attendance, nearly half of whom flew in from outside the region.</p>
<div class="lb-trans"><p>这种情绪与几周前形成了鲜明对比。在 1 月底，亚太贷款市场协会（APLMA）在迪拜举行了首次会议，约有 300 人参加，其中近一半是从地区外飞来的。</p>
</div><p>The talk then was all about rapidly expanding financing links between Asia and the Middle East. Even some Chinese banks without a physical presence in the region were eager to lend, helping push loan commitments to record levels last year.</p>
<div class="lb-trans"><p>当时的讨论主要集中在亚洲与中东之间迅速扩展的融资联系上。即使是一些在该地区没有实体存在的中国银行也渴望放贷，帮助推动去年的贷款承诺达到创纪录水平。</p>
</div><p>For many Asian lenders, the region had emerged as the key growth engine for 2026, offering relief from slowing deal flow and intensifying price competition at home.</p>
<div class="lb-trans"><p>对于许多亚洲贷款机构而言，该地区已成为 2026 年的关键增长引擎，提供了缓解国内交易流放缓和价格竞争加剧的机会。</p>
</div><p>That optimism quickly faded as the hostilities in the region weighed on sentiment. At the APLMA gathering in Hong Kong this week, the conflict in the Middle East loomed large in hallway conversations, even as it barely featured in formal panel discussions. In private, bankers spoke of reassessing their ambitions in the Gulf and weighing a growing list of risks triggered by the conflict.</p>
<div class="lb-trans"><p>然而，随着该地区敌对行动的加剧，这种乐观情绪迅速消退。在本周的 APLMA 会议上，中东冲突在走廊的谈话中占据了重要位置，尽管在正式的讨论小组中几乎没有提及。私下里，银行家们谈到重新评估他们在海湾地区的雄心，并权衡因冲突引发的日益增长的风险清单。</p>
</div><p>That added to signs of concerns that had already been emerging in recent days. Several global lenders, including HSBC Holdings and Standard Chartered, both major arrangers in Asia’s loan markets, have told some Middle East clients that some transactions involving Asian balance sheets will need to be put on hold, according to sources familiar with the matter.</p>
<div class="lb-trans"><p>这进一步加剧了最近几天已经出现的担忧迹象。包括汇丰控股和渣打银行在内的几家全球贷款机构，作为亚洲贷款市场的主要安排者，已告知一些中东客户，涉及亚洲资产负债表的一些交易需要暂时搁置，消息人士透露。</p>
</div><h3>Navigate Asia in  a new global order</h3>
<div class="lb-trans"><h3>在新的全球秩序中导航亚洲</h3>
</div><p>Get the insights delivered to your inbox.</p>
<div class="lb-trans"><p>获取洞察，送达您的邮箱。</p>
</div><p>Some banks from Japan, Greater China and Singapore are also reviewing their pipelines and existing exposures. Several are considering a shift in focus towards other markets, including South Korea and Australia, where risks are more stable for now.</p>
<div class="lb-trans"><p>一些来自日本、大中华区和新加坡的银行也在审查他们的贷款管道和现有风险敞口。几家银行正在考虑将重点转向其他市场，包括韩国和澳大利亚，目前这些市场的风险相对更为稳定。</p>
</div><p>Elsewhere, a major Singaporean bank has shelved its Middle East expansion plans for 2026, according to a source with knowledge of the matter. Its Hong Kong team had travelled to Dubai in February to meet clients, but has since been instructed to pause discussions.</p>
<div class="lb-trans"><p>此外，一家主要的新加坡银行已根据知情人士的说法，搁置了其 2026 年的中东扩张计划。其香港团队在 2 月份曾前往迪拜与客户会面，但此后已被指示暂停讨论。</p>
</div><p>Spokespeople for HSBC and StanChart declined to comment.</p>
<div class="lb-trans"><p>汇丰和渣打的发言人拒绝置评。</p>
</div><p>SEE ALSO</p>
<div class="lb-trans"><p>另见</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/118874774ef11f02ef9c0a0cf20afe7ad36c88802ed400d40d0b2b165ccd6f28/query-ZHByPTEmZj13ZWJwJnc9OTYw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/118874774ef11f02ef9c0a0cf20afe7ad36c88802ed400d40d0b2b165ccd6f28?w=960&amp;dpr=1&amp;f=webp"/></p>
<h3>Senior bankers quit for rivals as Asia talent fight intensifies</h3>
<div class="lb-trans"><h3>随着亚洲人才竞争加剧，高管跳槽至竞争对手</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/8cb0086268774e2777c3641eb5dc53ec234e28f8b2cce5e5a45dde257d057938/query-ZHByPTEmZj13ZWJwJnc9OTYw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/8cb0086268774e2777c3641eb5dc53ec234e28f8b2cce5e5a45dde257d057938?w=960&amp;dpr=1&amp;f=webp"/></p>
<h3>Wall Street banks offer UAE staff option to relocate temporarily</h3>
<div class="lb-trans"><h3>华尔街银行为阿联酋员工提供临时搬迁选项</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/1907b1b33740eb2a63a89f59298e0e16f9a6ce8da7b23b42f6b5ff73c1a816ae/query-ZHByPTEmZj13ZWJwJnc9OTYw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/1907b1b33740eb2a63a89f59298e0e16f9a6ce8da7b23b42f6b5ff73c1a816ae?w=960&amp;dpr=1&amp;f=webp"/></p>
<h3>Singapore taps JPMorgan, UBS to push regional gold hub ambition</h3>
<div class="lb-trans"><h3>新加坡借助摩根大通、瑞银推动区域黄金中心的雄心</h3>
</div><p>The shift comes after a period of rapid expansion in the Middle East. Asian lenders have steadily increased their involvement in the region since last year. Syndicated loan volumes to the Middle East and North Africa rose 12 per cent to about US$180 billion in 2025, even as Asia-Pacific loan volumes excluding Japan fell roughly 18 per cent, according to the APLMA.</p>
<div class="lb-trans"><p>这一转变发生在中东快速扩张的时期。自去年以来，亚洲贷款机构在该地区的参与稳步增加。根据 APLMA 的数据，2025 年对中东和北非的银团贷款量增长了 12%，达到约 1800 亿美元，而亚太地区（不包括日本）的贷款量则下降了约 18%。</p>
</div><p>Chinese banks, in particular, had been stepping up their presence. Their lending to the region nearly tripled to a record US$15.7 billion in 2025, based on Bloomberg-compiled data. Flush with low-cost funding, these banks have been expanding overseas as domestic credit demand weakens and price competition intensifies across Asia’s loan markets.</p>
<div class="lb-trans"><p>尤其是中国银行，已在加大其在该地区的存在。根据彭博社汇编的数据，它们对该地区的贷款几乎增长了三倍，达到创纪录的 157 亿美元。这些银行因低成本资金而充裕，正在扩大海外业务，因为国内信贷需求减弱，亚洲贷款市场的价格竞争加剧。</p>
</div><p>But two weeks of escalating military operations in the Middle East have shocked residents and visitors in the region, sparked extreme volatility in oil and gas markets, unsettled global finance and disrupted transportation routes.</p>
<div class="lb-trans"><p>但中东两周的军事行动升级震惊了该地区的居民和游客，引发了油气市场的极端波动，扰乱了全球金融，并影响了运输路线。</p>
</div><p>One major Chinese bank recently took the rare step of restricting a drawdown on a bilateral facility to a financial entity linked to the Abu Dhabi government, sources familiar with the matter said. Meanwhile, Hong Kong-based bankers with at least two Chinese lenders have been required to provide daily updates to headquarters on developments related to regional risks and loan exposures, other sources said. BLOOMBERG</p>
<div class="lb-trans"><p>一 major 中国银行最近采取了罕见的措施，限制对与阿布扎比政府相关的金融实体的双边融资提款，知情人士表示。同时，至少有两家中国银行的香港银行家被要求每天向总部提供有关区域风险和贷款敞口的最新情况，其他消息人士称。BLOOMBERG</p>
</div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.</p>
<div class="lb-trans"><p>解码亚洲通讯：您在新的全球秩序中导航亚洲的指南。在此注册以获取解码亚洲通讯，送达您的邮箱，免费。</p>
</div>

Asian banks pause Gulf lending drive on mounting risks from war

- 会议期间，伊朗战争影响了对中东的投资信心。  
- 亚洲银行重新评估在海湾地区的野心，推迟部分交易。  
- 反映出中东局势对全球金融的冲击和风险上升。

由于战争带来的风险不断增加，亚洲银行暂停了在海湾地区的贷款扩张