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Start-ups in China raised US$6 billion in venture capital across 458 deals in January-February 2023, down 52.2% in value and 29.1% in volume from the same period last year, figures from data and analytics provider GlobalData reveal.
27 Mar 2023
Editor's choice
Following the latest banking crisis, monetary authorities should seriously consider how modern digital technologies could be used to avert such problems in the future. A central bank digital currency would both eliminate many barriers to financial transactions and end the risk of bank runs once and for all
27 Mar 2023
Editor's choice
Micro Connect has launched in Macau a global exchange for daily revenue obligations (DROs), a new asset class that connects institutional capital around the world with China’s micro and small businesses.
27 Mar 2023
Editor's choice
When a bank fails in the United States, questions about who is to blame are often directed at many different regulatory agencies, because the system is complex and hard for outsiders to understand. In the wake of the collapse of Silicon Valley Bank, the case for an overhaul could not be stronger
25 Mar 2023
Editor's choice
Over the course of several months, the board of editors at The Asset has taken note of these trends in Asia and has been carefully examining and understanding the various digital finance activities taking place in the region. As in previous years we are pleased to highlight this year’s The Asset Triple A Digital Awards winners who have excelled against a highly competitive and challenging market backdrop.
24 Mar 2023
Editor's choice
The Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has set a July 1 deadline for the full adoption of the country’s unified QR code standard for secure payments.
24 Mar 2023
Editor's choice
Singapore-based CapitaLand Group has appointed Jonathan Yap as the new chief executive officer of CapitaLand Development (CLD), the group’s private real estate development arm, effective June 5.
24 Mar 2023
Editor's choice
Fund managers and asset service providers in Asia are in a better position to automate their processes than their Western counterparts, a new report finds.
23 Mar 2023
Editor's choice
The European Bank for Reconstruction and Development (EBRD) has approved a €300 million (US$321 million) financing package to help support Serbia’s electricity sector.
22 Mar 2023
Editor's choice
ESG Forum
Khan Bank, Mongolia’s largest commercial financial institution, has issued the first-ever green bond to be issued in the country, a US$60 million, five-year offering. The International Finance Corporation (IFC) is investing US$15 million in the offering, which has attracted another US$45 million from international investors, including US$35 million from Dutch entrepreneurial development bank FMO and US$10 million from MicroVest Capital Management.
17 Mar 2023
Singapore banking group DBS and private equity and venture capital investment firm Heritas Capital have announced the first close of the Asia Impact First Fund (AIFF). The fund has now raised over US$20 million, led by anchor investor DBS, which committed US$10 million, and like-minded impact-focused family offices, foundations, corporates and high-net-worth individuals.
15 Mar 2023
DBS, Citi, MUFG, and HSBC take home accolades in The Asset Triple A Sustainable Capital Markets Awards 2023 as announced in an Oscar-style awards ceremony held last night (March 14) at the Four Seasons Hotel in Hong Kong.
15 Mar 2023
Reinvigorated IMAS pushes digitization, diversity, education post-pandemic
14 Mar 2023
Climate change is perhaps the most significant financial risk for investors over the long term, according to Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).
13 Mar 2023
Chinese fintech’s first sustainability-linked derivative incentivizes meeting various ESG targets
10 Mar 2023
More female investors than men value sustainability, 9 in 10 wish to create more social change
9 Mar 2023
Sustainable tourism, fisheries promoted along with marine conservation
8 Mar 2023
Facility one of largest ESG commercial bank loans in Asia-Pacific, second-largest social loan globally
1 Mar 2023
The Asset Talk
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TechTalk
Micro Connect has launched in Macau a global exchange for daily revenue obligations (DROs), a new asset class that connects institutional capital around the world with China’s micro and small businesses.
27 Mar 2023
As if the United States' foray into inefficient subsidization was not bad enough, regulators have also announced excessive eligibility criteria for the same companies that they claim to want to help. From childcare requirements to new corporate taxes, the US policy mix is becoming increasingly muddled
25 Mar 2023
The Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has set a July 1 deadline for the full adoption of the country’s unified QR code standard for secure payments.
24 Mar 2023
Over the course of several months, the board of editors at The Asset has taken note of these trends in Asia and has been carefully examining and understanding the various digital finance activities taking place in the region. As in previous years we are pleased to highlight this year’s The Asset Triple A Digital Awards winners who have excelled against a highly competitive and challenging market backdrop.
24 Mar 2023
Fund managers and asset service providers in Asia are in a better position to automate their processes than their Western counterparts, a new report finds.
23 Mar 2023
Russia’s invasion of Ukraine has increased the level of threats in the global cyber landscape, sparking a flood of ideologically driven “hacktivism” that, driven by both sides of the conflict, has substantially put at risk the financial services sector, particularly for institutions in countries that Russia considers hostile, according to a recent report
22 Mar 2023
Standard Chartered has launched working capital and lending capability on its Straight2Bank (S2B) online platform for businesses to manage their transaction banking needs.
22 Mar 2023
Blackstone’s US$70 billion real estate income trust (BREIT) is now trading on LODASMarkets.com, a Kansas-based online marketplace for buying and selling alternative and real estate investments.
22 Mar 2023
Solution allows Thai portfolio manager to deliver most up-to-date capabilities, better cost control
21 Mar 2023
Digital platform companies could deploy the latest wave of artificial intelligence much more responsibly than they have so far, and two current court cases serve as warnings to those pursuing socially destructive business models. But we also need concerted public-policy action to fix the industry
16 Mar 2023
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Insightful debate among regulators, issuers and investors -
Award CeremonyDigital AwardsApr 2023
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RoundtableBreaking barriers: Financing the sustainability agenda in Asia-PacificMay 2023
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Award CeremonyTreasurise AwardsMay 2023
Treasury & Capital Markets
Start-ups in China raised US$6 billion in venture capital across 458 deals in January-February 2023, down 52.2% in value and 29.1% in volume from the same period last year, figures from data and analytics provider GlobalData reveal.
27 Mar 2023
Micro Connect has launched in Macau a global exchange for daily revenue obligations (DROs), a new asset class that connects institutional capital around the world with China’s micro and small businesses.
27 Mar 2023
The Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has set a July 1 deadline for the full adoption of the country’s unified QR code standard for secure payments.
24 Mar 2023
Over the course of several months, the board of editors at The Asset has taken note of these trends in Asia and has been carefully examining and understanding the various digital finance activities taking place in the region. As in previous years we are pleased to highlight this year’s The Asset Triple A Digital Awards winners who have excelled against a highly competitive and challenging market backdrop.
24 Mar 2023
Standard Chartered has launched working capital and lending capability on its Straight2Bank (S2B) online platform for businesses to manage their transaction banking needs.
22 Mar 2023
The International Finance Corporation (IFC) is providing Saigon-Hanoi Commercial Joint Stock Bank (SHB) of Vietnam with an initial US$40 million loan to help expand access to finance by small and medium enterprises (SMEs), especially those owned by women. In a deal announced on March 21, the US$40 million facility is the first phase of an overall planned US$120 million financing package to help SHB provide more support for local enterprises and boost their participation in the global supply chain.
22 Mar 2023
Singapore-based OCBC Bank on Tuesday (March 21) officially opened a branch in Wuhan, the capital of Hubei Province in Central China, under its wholly-owned China banking subsidiary OCBC Wing Hang Bank (China) Limited.
21 Mar 2023
Global law firm DLA Piper has appointed Waranon Vanichprapa as sole country managing partner in Bangkok, effective immediately, in a move to further strengthen its Southeast Asia footprint.
20 Mar 2023
Bursa Carbon Exchange (BCX), Bursa Malaysia’s new carbon trading platform, completed its first carbon credit auction with domestic buyers acquiring all the available Verra-registered carbon credits. The auction, which was carried out electronically, saw 15 participants from various industries purchasing a total of 150,000 credits.
20 Mar 2023
Wealth
Singapore-based CapitaLand Group has appointed Jonathan Yap as the new chief executive officer of CapitaLand Development (CLD), the group’s private real estate development arm, effective June 5.
24 Mar 2023
Fund managers and asset service providers in Asia are in a better position to automate their processes than their Western counterparts, a new report finds.
23 Mar 2023
Blackstone’s US$70 billion real estate income trust (BREIT) is now trading on LODASMarkets.com, a Kansas-based online marketplace for buying and selling alternative and real estate investments.
22 Mar 2023
Allfunds, a B2B wealthtech platform for the funds industry, has launched a new division to provide clients with better access to alternative assets and private markets.
22 Mar 2023
First Sentier Investors (FSI) has agreed to acquire a majority stake in European credit manager AlbaCore Capital Group.
21 Mar 2023
Natixis Corporate and Investment Banking has appointed Amit Tanna as head of coverage, India. Based in Hong Kong, Tanna reports to Francis Ansvananda, head of coverage, South East Asia.
21 Mar 2023
Aviva Investors, the global asset management business of British insurer Aviva plc, has appointed Mirza Baig to the new role of global head of ESG, subject to regulatory approval.
21 Mar 2023
Hong Kong people struggled to maintain healthy money habits amid the pandemic last year, resulting in a slight drop in their financial fitness, a new report finds. Nonetheless, 59% of the surveyed respondents achieved a return of at least 2% from their liquid assets, against the local inflation rate of 1.9% and a 15.5% fall in Hang Seng Index during the period, according to HSBC’s fourth FinFit study.
17 Mar 2023
German asset manager DWS has extended its strategic alliance with Nippon Life for another five years to enhance distribution reach, product innovation and research acuity.
16 Mar 2023
Asset managers must make available separately managed accounts (SMAs), exchange-traded funds (ETFs), environmental, social, and governance (ESG)-oriented products, and other portfolio elements that appeal to advisers’ needs for flexibility and products emphasizing lower cost and sustainability, Cerulli Associates says.
16 Mar 2023
Singapore banking group DBS and private equity and venture capital investment firm Heritas Capital have announced the first close of the Asia Impact First Fund (AIFF). The fund has now raised over US$20 million, led by anchor investor DBS, which committed US$10 million, and like-minded impact-focused family offices, foundations, corporates and high-net-worth individuals.
15 Mar 2023
Asia Connect
Daewoo Engineering & Construction has signed a US$790 million agreement with General Electricity Company of Libya to build gas-fired power stations in the Mellitah and Misurata regions.
22 Mar 2023
The European Bank for Reconstruction and Development (EBRD) has approved a €300 million (US$321 million) financing package to help support Serbia’s electricity sector.
22 Mar 2023
KfW Ipex-Bank is contributing €40 million (US$42.8 million) to a €400 million debt facility for Allego, a pan-European charge-point operator, to fund a pipeline of contracts and expand its network of ultra-fast electric-vehicle chargers across key sites in Germany, France and Benelux.
22 Mar 2023
A fund managed by BlackRock is acquiring a stake in a 310-megawatt wind farm in Kenya, the largest in the African continent. The stake in Lake Turkana Wind Power Limited (LTWP), which owns and operates the wind farm, is held by the Finnish Fund for Industrial Cooperation (Finnfund). The fund, a development financier and impact investor, has been a shareholder in LTWP since construction of the wind farm began in 2014.
22 Mar 2023
Keppel Corp has reached a long-term power purchase and export agreement with Cambodia’s Royal Group Power to buy electricity from Cambodia and Laos. Singapore’s Energy Market Authority (EMA) has conditionally approved long-term imports and sales of one gigawatt of low-carbon electricity from renewable energy sources by wholly owned unit Keppel Energy, Keppel says in a statement.
20 Mar 2023
The Philippines' largest integrated telco PLDT on March 16 announced a new tower sale and leaseback transaction by its subsidiaries Smart Communications and Digitel Mobile Philippines involving 1,012 telecom towers and associated passive telecom infrastructure. The company signed a sale and purchase agreement with Frontier Tower Associates Philippines for over 12.1 billion pesos (US$221.20 million).
17 Mar 2023
American carrier Southwest Airlines has agreed to purchase over 400,000 carbon credits from SMBC Aviation Capital.
15 Mar 2023
Greek utility Public Power Corporation (PPC) has agreed to acquire all of the equity interests held by Italian energy giant Enel and its subsidiaries in Romania for €1.26 billion (US$1.35 billion).
15 Mar 2023
BNP Paribas, Crédit Agricole, Citibank, HSBC, and JPMorgan Chase have signed a debt package for the first phase of the Sal de Oro lithium brine project in Argentina. The Sal de Oro lithium brine project is one of the most important lithium brine projects in Argentina, and is being developed by South Korea’s Posco, one of the world’s largest steel manufacturers.
15 Mar 2023
Japan’s Nippon Export and Investment Insurance (NEXI) is providing insurance for commercial bank loans extended to Red Sea Wind Energy, a project company building a 500-megawatt wind farm in Egypt. This is the first co-financing between NEXI and the European Bank for Reconstruction and Development (EBRD) based on a memorandum of understanding signed in 2020.
15 Mar 2023
Mongolia’s Prime Minister Luvsannamsrain Oyun-Erdene on Tuesday (March 14) joined Rio Tinto chief executive Jakob Stausholm 1.3 kilometres underground to celebrate the start of underground production at the Oyu Tolgoi copper mine in the Gobi Desert.
14 Mar 2023
On The Move
Vanessa Wang familiar with region, has impressive leadership skills
24 Mar 2023
Singapore-based CapitaLand Group has appointed Jonathan Yap as the new chief executive officer of CapitaLand Development (CLD), the group’s private real estate development arm, effective June 5.
24 Mar 2023
Natixis Corporate and Investment Banking has appointed Amit Tanna as head of coverage, India. Based in Hong Kong, Tanna reports to Francis Ansvananda, head of coverage, South East Asia.
21 Mar 2023
Aviva Investors, the global asset management business of British insurer Aviva plc, has appointed Mirza Baig to the new role of global head of ESG, subject to regulatory approval.
21 Mar 2023
Global law firm DLA Piper has appointed Waranon Vanichprapa as sole country managing partner in Bangkok, effective immediately, in a move to further strengthen its Southeast Asia footprint.
20 Mar 2023
Meyer Frucher, a former NASDAQ vice-chair, has over 25 years of stock exchange experience
14 Mar 2023
Endowus, a digital wealth management platform based in Singapore, has appointed Hugh Chung as its chief investment advisory officer.
14 Mar 2023
Digital service provider Azqore has appointed Pierre Masclet as chief executive officer, effective May 1. He succeeds Pascal Exertier, who is retiring.
13 Mar 2023
Citi has appointed Bhanu Vohra as head of commercial banking, India. He replaces Tushar Vikram, who becomes the global head of healthcare for CCB.
10 Mar 2023
Rushil Khanna has over 20 years of experience in equity portfolio management
9 Mar 2023
Ocorian, a provider of administration and compliance services to financial institutions, asset managers, corporates and high-net-worth individuals, has appointed Novia Lu as business development director for Asia-Pacific as it strengthens its presence in the region.
7 Mar 2023
