Rocky Tung named executive director of HK's Financial Services Development Council

The Hong Kong Monetary Authority (HKMA) plans to introduce licensing requirements for firms operating in stablecoins, by 2024.

Two M&A deals in Australia’s financial services sector hit major turbulence in March, underlining some of the recent challenges in completing deals, including higher interest rates and the war in the Middle East.

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

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

The securities firm plans further tokenised issuances in 2027 as it looks to expand institutional distribution and develop digital settlement capabilities.

Jonathan Chau becomes MD, capital markets, Asia (ex-Japan), and Reeves Yan is named head of Hong Kong capital markets.