Issuances for offshore Rmb bonds now exceed Rmb1 trillion -- transitioning from a policy ambition to a commercial solution in less than two decades. Christopher Chu examines the trend, which started in 2007, as part of FA’s 30th anniversary coverage.

The buoyancy in the sector is being driven by multiple factors, including regulatory shifts, policy support, and debt capital market activity in the city.

Amid regional market momentum, the global bank has a strong pipeline of Apac deals across ECM, DCM and M&A.

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.

Chinese transactions are benefitting from a booming IPO market in Hong Kong, which is driving Asia growth from a low base.

Weak exports, inflation and a lack of foreign investment continue to weigh on the Southeast Asian nation; remittances are one bright spot.

Despite challenges, regional opportunities exist in structured credit, defensive corporate exposures, high-yield bonds, and emerging market sovereigns, according to MFS Investment Management's Pilar Gomez-Bravo.

Coller Capital is a global secondaries firm with around $50bn in AUM and six Apac offices. EQT's CEO believes Coller's business can double in size in under four years; the PE giant is paying up to $3.7bn. In Japan, EQT has launched a bid for Mamezo.

The fundraise includes $1.8bn for KKR Asia Credit Opportunities Fund II as the investment giant sees growing investor demand for allocation to private credit in the region; the fund has been used for deals in Hong Kong, India and Australia.

The southeast Asian country continues its diversified sovereign fundraising, while its fiscal deficit for 2025 widened to 2.92%.