Equity

The planned launch of the office in 2025 comes as the Saudi Exchange starts hosting the first ETFs tracking Hong Kong funds.

The former head of Citi’s Apac equity derivatives trading will relocate from Singapore to Hong Kong and cover Asia South, Japan, Asia North and Australia.

ECM proceeds have climbed almost 30% up until September 27, when compared to the same time last year; as a result the HKEX is fifth on the global stock exchange rankings.

FA spoke to the CEO of Dubai-based private equity player Fajr Capital, on China’s Belt and Road Initiative, the importance of the Rmb, fast-growing sectors, and how Chinese firms can expand in the Middle East.

The two large listings are adding to a sense of optimism, in particular in India and Hong Kong, with Taiwan enjoying a record year so far; and occurred before the US Fed cut rates.

With Indian equities accounting for over 20% of a major MSCI index, active managers may have a choice between raising their holdings in an expensive market or seeing higher tracking errors, as the Chinese market continues to come under pressure.

Mangla, previously at JP Morgan for over 20 years, joins as head of financing for investment banking, from September 4.

FA recently caught up with Vivek Sharma, senior executive vice president & head international clients group at Nuvama Group, who shared his views on the exciting Indian capital market landscape, including FIIs, wealth and private credit.

This move makes Alibaba eligible for the SAR’s Stock Connect programmes, which will help the firm tap a larger group of Chinese investors; however, rival PDD Holdings saw its shares drop sharply on the Nasdaq this week, and JD.com has unveiled a $5bn share buyback plan.