CEO Darren Wang described the process to FA as “difficult” and said that reaching out to more US-based private investors, while expanding globally, is the next step.

After over six years with the infrastructure investment bank, Cross will take up a senior leadership role at another institution outside of Asia.

Rich Chun is appointed managing director, head of Asia at Tradeweb, effective immediately; he joins from HPS Investment Partners.

Gunther Hamm, president of HOPU Investments, discussed with FA key drivers for the growing popularity of investors taking controlling stakes of companies in Asia.

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

Over the last few months, the French bank has created several new roles and made key hires to bolster its presence in the region, including in mainland China.

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

Corporate issuances are increasing in the offshore Renminbi bond market, despite challenges around rates, liquidity and diversification; Hong Kong is poised to benefit.

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.