Hong Kong sell-downs taper off after record April

Despite a drop in A-shares and H-shares, the insurer was able to enlist investors including Yunfeng Capital and Fosun International to participate in the placement.

James Garforth joins the asset manager as principal, Asia direct lending, from BGH Capital.

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

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 broker's frozen client accounts are held by an entity suspected to be involved in a fraudulent scheme to create a false or artificial appearance of demand for shares in an IPO, the SFC said.

The HK$20bn issuance, denominated in multiple currencies, is a global record for the largest digital bond.