Distress

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

The claim is filed by several entities and their liquidators in relation to the scandal hit Malaysian sovereign wealth fund.

Japan's borrowing costs hit a 30-year high after the US Fed chair used more hawkish rhetoric; oil prices are up again as hostilities resume in the Middle East.

China had robust import and export growth in May despite the ongoing conflict in the Middle East. Fitch has upgraded China's GDP forecast to 4.6% this year after "surprisingly good" Q1 data. In a volatile market, SpaceX is set to go public on June 12.

Three brokers, including Hong Kong’s largest online brokerage Futu, have been heavily penalised by Chinese regulators, in an effort to clean up market misconduct and to curb illegal outflows.

Several warnings, including from ratings agencies, have been issued, as the two giant Chinese property developers continue to struggle as losses mount.

As oil moves above $115 a barrel, Apac governments are scrambling to reduce energy demand as the OECD sees US inflation rising to 4.2% this year. Markets are bracing for more turmoil as the war escalates with the Houthis joining the fight.

Newly appointed Jean-Louis Tse shared with FinanceAsia his vision of growing the Fintech Association of Hong Kong.

Bangladeshi businesses and economists are pressing the government to defer the graduation from the UN’s least developed country (LDC) status. They argue the government needs to consider the impacts on exports, tariffs, loans and patents.