The buoyancy in the sector is being driven by multiple factors, including regulatory shifts, policy support, and debt capital market activity in the city.

Hong Kong payment platform Wonder has raised $12m in venture debt from HSBC Innovation Banking to accelerate its regional expansion.

The global law firm has promoted regional managing partner William Liu to drive regional strategy as it marks 50 years in the region.

Philip Lee has joined the global law firm from DLA Piper's financial services practice with a team of three.

Final orders were over S$2bn allowing UOB to upsize from its original S$500m benchmark; there was participation from 96 investors with 26% outside of Singapore.

The digital bank, which has operations in China, Hong Kong and Indonesia, is looking at M&A opportunities and developing artificial intelligence agents, with the debt and equity fundraise.

Singapore-based Jarek Olszowka has over two decades of experience in financial services and most recently worked at Nomura in London.

The southeast Asian country continues its diversified sovereign fundraising, while its fiscal deficit for 2025 widened to 2.92%.

Entries are now open for the 30th edition of the FinanceAsia Awards which celebrate the best banks, brokers, consultants, rating agencies, law firms and other financial institutions across the region.

As Hong Kong's primary debt market continues to be attractive, underwriters said the bond will provide a reliable benchmark for future HKD-denominated offerings.