Minority owner Partners Group said the IPO proceeds will be used to further grow the Hangzhou-headquartered restaurant's 493 outlets and establish a centralised food processing facility; Clifford Chance, Citi and CMB International Capital were involved in the deal.

Yuanta Securities (Cambodia) acted as the lead manager and underwriter for a transaction with three tranches worth a total of $49m; the proceeds will finance a 60MWac solar photovoltaic (PV) plant with an integrated battery energy storage system.

FA reveals the market winners of Asia's Best Companies Poll 2025.

The pharmaceutical firm expects its workforce in Beijing to grow to 1,700 employees and is launching a JV with BioKangtai to help make vaccines; there is also investment into AI.

Analysts are betting that US president Donald Trump and his Chinese counterpart Xi Jinping will strike a deal, which would spur US players to buy Chinese stocks, just as overall sentiment for mainland China and Hong Kong improves.

Studies have shown the positive correlation between having female investors or fund managers on team, and portfolio returns. Female finance leaders told FA that a diversity of experiences and skills are important in a fast-evolving sector.

A wide range of factors have paved the way for a larger offshore Renminbi fixed income market, according to senior bankers.

Even as the market cap for digital currencies rises, experts say regulators in Asia will prioritise a prudent oversight path rather than follow Washington in lockstep; HK and Singapore's rivalry is set to continue.

Hong Kong’s mounting fiscal pressures and the need for foreign investment inflows are forcing the city to confront economic realities. Chinese IPOs, tourism and events, are some of the bright spots for the city.

Jo Miyake to become head of banking, Asia and the Middle East, under its new Corporate and Institutional Banking unit, while Selim Kervanci will become CEO of the Middle East.