SMIC returns with $450m convertible

FA understands the bank is making a number of senior leadership changes and hires across ECM, investment banking and technology, in Hong Kong, Singapore, Sydney and San Francisco; including Apac Equity Syndicate leader and head of SEA ECM.

JP Morgan has appointed Kam Shing Kwang to lead Hong Kong, effective October 1, as Harshika Patel completes her term; Patel will continue as Apac CEO of JP Morgan Private Bank.

James Garforth joins the asset manager as principal, Asia direct lending, from BGH Capital.

The HK$20bn issuance, denominated in multiple currencies, is a global record for the largest digital bond.

The US management platform has clients across institutional asset management, hedge funds, banks and private markets.

The securities firm plans further tokenised issuances in 2027 as it looks to expand institutional distribution and develop digital settlement capabilities.