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Asia secondaries activity is increasing as a result of geopolitical uncertainties, a growing private equity market and rising awareness, Coller Capital’s Zhan Yang tells FA.

Bogd Bank has increased its debut international notes to $100m, while the Development Bank of Mongolia has expanded its new bond to $750m, highlighting growing offshore investor interest in the frontier market’s financial institutions.

The optical module producer has made a secondary listing on the main board of the Hong Kong Stock Exchange, raising approximately $7bn; the city has already raised more so far this year on the HKEX than across 2025.

The deal by the Singapore infrastructure player is for a $60m green bond issued by India's Continuum Green Energy to support its renewable energy and battery storage expansion.

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An agreement will allow firms with a primary listing on Bursa Malaysia’s main market to apply for a secondary listing on HKEX as a Recognised Stock Exchange; it follows agreements with Indonesia, Singapore and Thailand; MSCI has launched an ECM partnership with the SGX.

The Indian renewable energy power producer is looking to accelerate industrial decarbonisation, including for Bharat Aluminium, through large-scale solar and wind projects.

Shell’s $1.8bn sale of Sprng Energy to a BlackRock-backed Aditya Birla unit highlights a growing strategic divergence as European majors recycle capital while Asian conglomerates aggressively scale their clean energy portfolios.

Shanghai has been handed more tools, including the acceleration of offshore loans and digital trade, to aid offshore financial services in a boost to the city as a global financial hub; there is also cooperation with Hong Kong.