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 US administration wants to take retaliatory action for China’s rare earth export controls. US stock markets and cryptocurrencies lost billions of dollars in value on October 9, while gold has reached $4,000 an ounce. China's commerce ministry said "we aren't afraid to fight".

The HK$155 a share offer is a 33% premium over Hang Seng's 30-day average closing price; HSBC already owns 63% of the HKEX-listed bank. Hang Seng's after tax profits declined 30% in H1 2025. HSBC has paused buybacks.

Europe’s T+1 transition requires more preparation from financial firms, including infrastructure. Senior directors from BNP Paribas, Capco and DTCC explained why to FA, and how Asia has been adapting to the US transition.

The large Japanese financial services group consists of banking, life and non-life insurance businesses.

In the long run, as China’s currency is increasingly used abroad, it will be one of the few leading global currencies, however US strength will maintain the supremacy of the US dollar, according to analysts at a Sino-German roundtable.

Cornerstone investors in the tech firm's listing include Hillhouse Investment Management, Taikang Life Insurance and Grab; net proceeds were $514m and the firm's valuation climbed above $4.6bn on its September 16 debut.

The Australian regulator has cited four proceedings at the bank spanning misconduct across ANZ's institutional and retail divisions, including over the management of a A$14bn government bond issue; ANZ, which is cutting 3,500 jobs, has admitted to "unconscionable conduct" and apologised.

Despite the promising pass of an Ordinance, use cases of stablecoins in Hong Kong remain vague. Adopting retail stablecoins depends on multiple factors, including the regulator’s stance and technical concerns, such as monitoring unhosted wallets.