The aim is to create synergies between Alibaba’s supply chain at home and abroad as competition intensifies.

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

Hong Kong-based Yang has previous CFO experience at major Chinese e-commerce firms, and has also worked in the technology, media and telecommunications' investment banking team at Citi.

The moves, which will allow mainland Chinese investors to trade the stock, follow Alibaba's recent primary listing on the Hong Kong Stock Exchange.

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.

ECM and M&A activity plunged by 66.2% and 21.6% respectively, however DCM demonstrated resilience, dropping slightly by 1.8%.

Geopolitics, interest rates and investor appetite will continue to weigh on the city’s bourse, lagging US peers along its IPO recovery journey. Meanwhile, from September, traders will be able to trade during typhoons.

After a slow start to the year, confidence is slowly returning to the city's equity market, with QuantumPharm about to become the third largest listing of the year.

While a smaller size signalled a yet-to-rebound Hong Kong stock market, Lianlian is the first fintech firm to be approved by the CSRC since its registration-based new rules.

FA reveals the industry winners of Asia's Best Companies Poll 2024.