Fidelity to open Shanghai office

Benjarong Suwankiri, a former vice minister for finance, will join Thailand's exchange in October.

The US investment firm’s new office will be led by Peter Rosenbloom, managing director and head of Asia Pacific, as HPC expands its private markets presence in the region.

The DRAM manufacturer raised Rmb57.9bn ($8.6bn) in Asia’s largest IPO of 2026 so far and has become China’s largest onshore-listed company by market value, raising questions over the chip maker's valuation and growth prospects.

Shanghai has been handed more tools, including the acceleration of offshore loans and digital trade, to aid offshore financial services in a boost to the city as a global financial hub; there is also cooperation with Hong Kong.

The Hong Kong developer wants to use proceeds of over Rmb3bn from listing its Shanghai K11 properties to improve liquidity and reduce leverage.

In a special interview, AIA's group chief investment officer reflects on his career, how different crises have impacted Asia's financial sector, China's opening up and how investing is becoming more sophisticated.