Markets

With geopolitical tensions rising, Beijing’s new Hong Kong–Shenzhen policy aims to open alternative capital channels

Mubadala Capital is anchoring FWD Group’s Hong Kong IPO with a US$150 million investment, as the insurer looks to raise around US$500 million in a deal led by Morgan Stanley and Goldman Sachs.

As they approved the Budget, cabinet members of the interim government scrapped the revenue raising provision on June 22 amid strong criticism.

Andrew Cross, CFO at the Beijing-based infrastructure bank, shared his views on private capital mobilisation, high interest rates, sustainabilty bonds, and the attraction of Hong Kong as a fundraising destination; the AIIB is looking to deploy $75bn by 2030.

From financial knowledge to government support, players in Thailand and Taiwan are finding new ways to channel capital into LGBTQ+-focussed businesses across Asia.

Swami will become head of markets for Singapore and continue to serve as Citi's head of FX trading for Apac.

Natixis' Tokyo branch will now be able to offer a wider range of services, in addition to money lending.

As the US Fed meets this week, investors are watching the oil price, inflation, geopolitics, shipping and aviation risks.

Zenith provides sustainable and hybrid power for Australia's off-grid mining industry; the deal will help the firm invest in large-scale projects.