Hong Kong payment platform Wonder has raised $12m in venture debt from HSBC Innovation Banking to accelerate its regional expansion.

Xu Qing, who has been at the bank for over a decade, will oversee all credit and risk functions in Hong Kong, mainland China and Taiwan.

Amid a trade slowdown, IPOs, the issuance of convertible bonds, and cross-border M&A, including in the Middle East, are set to continue.

Read on to find out the winners of the Deal Awards - Asia Pacific.

Read on to find out the winners of FA's Dealmaker Poll 2025.

Singapore-based Ivee Tan takes on the export credit agency and multilateral financing solutions role; she most recently worked at Sumitomo Mitsui Banking Corporation as renewables and sustainable energy director.

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.

The strongest storm of 2025 is causing widespread disruption in the region across Hong Kong, Taiwan, the Philippines, southern and eastern China, Macau and Vietnam.

Alvaro Huete has been with the French bank for 28 years and is relocating from Paris to Singapore.

Banks are looking to overhaul risk frameworks as US tariff actions collide with Asia’s export dependence. Experts shared their views on how regulators are embedding geopolitical shocks into stress scenarios, while banks turn to tech and client engagement to prepare for strains likely to surface in 2026.