Roundup: Chinese IPOs continue to drive Asian stock markets

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

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

Hong Kong's finance secretary Paul Chan said the deal will "attract more cross-boundary Rmb financing and trading activities to Hong Kong".

Hong Kong's dim sum bond market has been growing strongly over the past 36 months.

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