Companies

The city will “regularise” the issuance of tokenised bonds, according to Hong Kong's financial secretary at his latest Budget speech; Chan is expecting GDP growth of 2% to 3% in 2025.

The $400m deal will see global PE firm acquire up to 54% of equity from CVC, and up to a total 77% stake of the Indian cancer care specialist; KKR made several significant investments into Indian healthcare firms last year, as regional PE deals bounceback.

The global IT services firm, which uses AI, is still majority owned by Carlyle; the listing on the BSE and NSE is the largest technology services and sponsor-owned IPO in India; there were five banks involved.

The Shenzhen-headquartered lithium-ion battery maker has named seven banks involved in the listing process.

Shenzhen Metro Group is the Chinese property giant's largest shareholder with the move coming after Vanke said it could make a loss of up to Rmb45bn in 2024.

The deal includes an agreement to buy Banner Life, enter a partnership in the US pension risk transfer business, and an intention to take a 5% shareholding in Legal & General Group.

The release of a competitive low cost large language models not only shifts the AI narrative away from expensive hardware, but also prompts debate about a potential inflection point for fund managers, with some models potentially not surviving.

Effie Vasilopoulos, formerly at Sidley Austin, will lead Broadfield's Apac operations as the newly created firm looks to build out the team quickly to cover the region across funds, private equity and corporate advisory.

With China's DeepSeek already shaking up 2025's AI market, around $70bn was raised last year by Asia's tech firms.