Debt issuance was capped at $15 billion the previous year.

The HK$155 a share offer is a 33% premium over Hang Seng's 30-day average closing price; HSBC already owns 63% of the HKEX-listed bank. Hang Seng's after tax profits declined 30% in H1 2025. HSBC has paused buybacks.

Jig Patel has previously helped build out Goldman Sachs' Asia prime business; the bank is looking to increase its prime headcount in the region by up to 10%.

Deepak Dangayach to join as regional co-head, DCM; Vikram Chavali named managing director, head of global asset managers for Japan, Asia North, and Australia, and Asia South.

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.

The bonds' five tranches raised HK$27bn, with the 30-year HKD infra bond being the longest tenor of a HKD-denominated government bond; the issuances are set to extend the HKD benchmark yield curve.

The dual listing will help keep momentum in Hong Kong's equity markets, with the majority of the $4.5bn proceeds raised by the Shenzhen based global EV player set to help build a factory in Hungary; a greenshoe option takes the raising to $5.2bn.

The Hong Kong-headquartered Asian life insurer, backed by billionaire Richard Li, has made several similar filings in recent years without triggering an IPO.

Mehra has started the Hong Kong-based newly created role on May 12, joining from Goldman Sachs.

Chan will join from Goldman Sachs as head of markets solutions for financial institutions for Asia South and Asia North in July.