Starbucks is selling a majority stake in its China business to Boyu Capital in a deal valuing the market at around $4 billion

Blackstone has bought 9.9% of India’s Federal Bank and a stake in India’s Ace Insurance Brokers.

Beijing is encouraging A-share listed firms to list in Hong Kong, while Trump’s policies are turning some US-listed Chinese companies to also go public on HKEX. The IPO momentum is continuing with four firms listing on October 28 in the SAR.

If approved, the fund will become the first private credit infrastructure fund to be listed on HKEX. The fund invests in assets across renewables, power, utilities, data centres, telecommunications, transport, healthcare and accommodation.

The proposal values the group at $4.2bn and will involve delisting from the Singapore Exchange. Alibaba and Ant Group have agreed to buy 13 floors of Mandarin Oriental's new Hong Kong office building One Causeway Bay; the group is expanding in Seoul.

Prudential Financial is selling its 13% stake in the Hong Kong-headquartered reinsurer, which is majority owned by Chinese conglomerate Fosun.

The $1.3bn raise from the electronics giant and $1.75bn IPO from Tata Group's financial services arm attracted strong demand from institutional investors. Citi is seeing its largest Indian IPO pipeline on record.

The move is in response to a US investigation into China's maritime, logistics and shipbuilding sectors. The Hang Seng Index slumped on October 13 and 14 as US and China trade tensions ramp up.

Gunther Hamm, president of HOPU Investments, discussed with FA key drivers for the growing popularity of investors taking controlling stakes of companies in Asia.

The Equity Market Development Plan has helped boost IPOs and valuations this year, including SGX's appeal for secondary listings, such as US data firm AvePoint. FA spoke with experts at Cooley and Grasshopper Asia.