Singapore-based Lee, who has been recently promoted to the bank's global head of investment banking, told FA how private credit is becoming an attractive option for Asia's SMEs.
The bank wants to help scale digital 'platform players', and is also offering $150m of venture debt to the Singapore market to provide financing to early-stage, high-growth companies backed by venture capital or private equity.
Beijing will issue a spree of special-purpose bonds in order to help meet the ambitious GDP target, but more reforms are likely needed to boost output.
Hui Ka Yan has been fined $6.53m and banned from the securities market by the China Securities Regulatory Commission, after unit Hengda Real Estate was found to have falsified revenue for the 2019 and 2020 financial years by over $70bn.
The global alternative asset manager and stockbroker have initially contributed $50m each, and are aiming the fund at mid-sized corporates across Asia Pacific.
After the world’s first multi-currency digital bond offering was oversubscribed, a government spokesperson told FA that tokenised bonds are moving from ‘proof of concept’ into ‘production’.
As 28 countries, including Pakistan, Laos and Sri Lanka, suffer from a debt trap, despite past criticism and amid high US interest rates, Washington is asking China to help mitigate the debt risks.
The partnership between the global bank, which opened an office in Abu Dhabi's financial centre last year, and the UAE sovereign fund, will have a particular focus on India.