China is shifting towards manufacturing abroad as opposed to natural resources; on the other hand, Chinese overseas lending has weakened due to domestic economic concerns.

The global mining giant sees significant growth opportunities in the lithium market; Arcadium’s operations include around 2,400 employees across Argentina, Australia, Canada, China, Japan, the UK and the US.

Indra Kanoena, BUMA's president director, said the issuance, which was backed by mutual funds, insurers, asset managers, pension funds, and banks, will allow BUMA to become a more diversified mining company.

The bank expects to see increasing demand for digital bonds from the private sector.

The strategy has raised $120m of seed capital and will focus on the climate transition, initially targeting Australia, Singapore, South Korea, Japan, Hong Kong, the UK and Canada.

The fines from the China Securities Regulatory Commission and Ministry of Finance relate to the auditing of a subsidiary of troubled property developer Evergrande which inflated its revenue by billions of dollars; PwC's global chair has described the work as "completely unacceptable".

The loan includes a HK$3bn social component and will help with plans to build 17,000 subsidised housing units in the Special Administrative Region over the next five years.

The deal for the Apac data centre firm, if completed, would be Blackstone’s largest investment in the region; Macquarie Asset Management and PSP Investments are among the sellers.

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