The ETF, launched with BOCHK Asset Management, will track the iBoxx Tadawul Government & Agencies Sukuk Index; global sukuk issuance neared $200bn in 2024.

Three judges at the US Court of International Trade have argued the Trump administration has exceeded its authority over tariffs; the judgment, which came after 12 states filed a lawsuit, has been appealed and the decision temporarily paused by another court.

The South Asian nation has agreed a more flexible exchange rate to help unlock $1.3bn of funds.

A core product for Type 2 diabetes is expected to commercially launch in mainland China by the end of this year, subject to regulatory approval; CICC led the transaction.

The US giant will pay the money upfront for distribution rights for SSGJ-707 outside of China; the deal could be worth up to $4.8bn and Pfizer will also invest $100m into the HKEX listed firm.

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.

Shilpa Gulrajani, DBS' head of sustainable finance, institutional banking, offered her thoughts on how capital markets are aligning with the region’s transition needs, including green loans and blended finance, on the sidelines of Ecosperity Week.

The issuance from the Hong Kong conglomerate, formerly known as NWS Holdings, was to finance the redemption of its outstanding offshore capital securities by its subsidiary.

Exports grew 15% in Q1, however there is expected to be a slowdown moving forward as tariffs bite, the baht remains strong and tourism faces headwinds.

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.