AI Deal Frenzy Powers Hong Kong Fundraising to Record Summer
Bankers in Hong Kong skipped the summer break as an artificial intelligence-fueled rush for capital sent share sales to a record, defying a bruising selloff in the cityโs stocks.
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Bankers in Hong Kong skipped the summer break as an artificial intelligence-fueled rush for capital sent share sales to a record, defying a bruising selloff in the cityโs stocks.
The direction of capital flows in the Middle East is changing with the US-Iran war making the shift more visible. For decades, the Gulf's relationship with Wall Street was largely defined by capital flowing out and being deployed everywhere. This continues but now the Gulf is also becoming an increasingly important target for global investment. BlackRock Investment Institute Chief Middle East and APAC Investment Strategist Ben Powell spoke to Bloombergโs Abeer Abu Omar on Horizons Middle East & Africa on the flow of investments in & out of the region. (Source: Bloomberg)
Over the past three decades, investor Fang Fenglei has had a major role in shaping Chinaโs capital markets. He worked with Morgan Stanley in the early 1990s to help create the countryโs first joint venture investment bank โ China International Capital Corp. Then, at the start of the millennium, he spearheaded the listing of state-owned giants in Hong Kong as CEO of Bank of China International, later chairing a China joint venture with Goldman Sachs. Now the chairman of Hopu Investments, Fang...