Markets

The US administration wants to take retaliatory action for China’s rare earth export controls. US stock markets and cryptocurrencies lost billions of dollars in value on October 9, while gold has reached $4,000 an ounce. China's commerce ministry said "we aren't afraid to fight".

Europe’s T+1 transition requires more preparation from financial firms, including infrastructure. Senior directors from BNP Paribas, Capco and DTCC explained why to FA, and how Asia has been adapting to the US transition.

The large Japanese financial services group consists of banking, life and non-life insurance businesses.

The HKMA and SFC want to encourage primary issuances, enhance secondary liquidity, improve infrastructure, and play a prominent role in the internationalisation of the Renminbi.

The international arm of the Chinese mining giant has raised HK$25bn, the second biggest listing of the year.

The new branch in the IFSC will be led by Mihir Baxi, and will support renewable energy and infrastructure in India, including roads, transmission, data centres, technology and telecommunications.

The strongest storm of 2025 is causing widespread disruption in the region across Hong Kong, Taiwan, the Philippines, southern and eastern China, Macau and Vietnam.

Hong Kong-listed biotech firms are outperforming as Trump’s policies cause firms to change course from their traditional US destination, with more HKEX listings expected in the second half of 2025; experts shared their views at BIOHK.

Consisting of two tranches, the notes are the first US dollar-denominated subordinated perpetual notes from the Thai issuer.