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.

Singapore-based Ivee Tan takes on the export credit agency and multilateral financing solutions role; she most recently worked at Sumitomo Mitsui Banking Corporation as renewables and sustainable energy director.

As tokenised assets surge, institutions, innovators and regulators, are converging to rewrite how global capital moves, including in Apac, according to a high-level panel discussion at Token2049 in Singapore.

CEO Darren Wang described the process to FA as “difficult” and said that reaching out to more US-based private investors, while expanding globally, is the next step.

After a deluge of defaults, a new state-owned bank called United Islamic Bank is set to emerge out of the five banks, with the plan to privatise them over time.

Hari Janakiraman, head of industry and innovation, transaction banking at ANZ, discussed legal frameworks, digital standards and tokenisation pilots, including Australia's Project Acacia, with FA in an exclusive interview.

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.

Rich Chun is appointed managing director, head of Asia at Tradeweb, effective immediately; he joins from HPS Investment Partners.

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.

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.