Read on to find out the winners of FA's Dealmaker Poll 2025.

The second foreign currency-denominated sovereign bond from China within a month has seen record popularity, and was oversubscribed 25 times.

Despite criticism, Roushana Sjahsam, Asean senior board adviser at investment firm Zagga, argues private credit is an emerging asset class for defensive, yield-seeking investors, who want diversification, stable income, and portfolio resilience.

It is the group's largest public IABS issuance to date and its first in the Rule 144A/Reg S format with US onshore investors involved. Clifford Capital's group CEO told FA the deal "reflects the growing interest and appetite in infrastructure returns from institutional investors".

Banks and payment giants at the Singapore FinTech Festival warned about deepfakes, cyberattacks, and AI-driven fraud even as they push aggressively into agentic AI and design their firms around AI-native operating models. With risks rising, leaders said 2026 will force a balance between ambition and safeguards.

Mutares is expected to acquire a majority stake in two manufacturing sites in China from Hwaseung; the signing of the deal is expected in Q4.

Jean-François Mastrangelo has joined the British bank in Hong Kong; he most recently worked at Societe Generale.

Hong Kong-based Anoop Chaudhry will lead the Asia Pacific power, utilities, and infrastructure group at the global bank.

HKEX to welcome Middle Eastern issuer soon, while Xiaomi hopes to bring its EV products to Europe.

China’s new five-year plan for 2026–2030 marks a decisive policy shift, placing domestic consumption and reform at the core of its growth strategy.