Cornerstone investors in the tech firm's listing include Hillhouse Investment Management, Taikang Life Insurance and Grab; net proceeds were $514m and the firm's valuation climbed above $4.6bn on its September 16 debut.

The firm, backed by Peter Thiel's Valar Ventures, has over $10bn of assets, is growing fast in Australia, Hong Kong and Singapore. Syfe's CEO told FA that management is open to exploring opportunities in Japan and South Korea in the "longer term".

Pei-Si Lai, CEO of GXBank, Malaysia's first digital banking firm, will take over from Muthukrishnan Ramaswami, who is retiring, at the beginning of June.

The strategy, known as the Libra Hybrid Capital Fund, is backed by Asian sovereign wealth funds, and is aiming to help firms develop their technology and automation capabilities.

The Southeast Asian nation is emerging as a market bellwether, with improving fundamentals, however the uncertain 2025 global trade outlook is making some investors cautious.

The loan includes a HK$3bn social component and will help with plans to build 17,000 subsidised housing units in the Special Administrative Region over the next five years.

Pump-and-dump scheme leads to highest sentence yet for market manipulation crime in the SAR after a SFC investigation.

Analysts see limited initial market impact, but there is concern over the precedent, which other countries might follow in the future, negatively impacting equity risk premiums.

FA reveals the market winners of the Best Companies Poll 2024.

Despite solid growth and exciting potential, overseas markets still only account for a small portion of Chinese electric vehicle makers’ revenues.