Analysis
Local governments already owe more than $9 trillion in offshore debt.
Offshore debt issuances by China's local governments come under regulatory scrutiny
Affirm starts offering BNPL loans for elective medical procedures
JPMorgan China names new chair of China securities unit
Shares of Chinese tea shop chain ChaPanda sink in Hong Kong debut
Citi appoints Amit Dhawan as head of Citi Commercial Bank for Singapore
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Over the past year, Affirm has more than doubled the elective medical merchants on its network.
People
Lu will be responsible for the overall management of the company.
IPOs & Markets
Its $330m IPO is the largest in Hong Kong so far in 2024.
Dhawan will continue to be Citi’s head of emerging corporates for Asia.
Singapore
Qashier wants to expand its offerings across SE Asia and beyond the region.
Greater China
The firm sealed a $43m Series C round in March 2023, followed by a strategic investment round last August.
Atome BNPL turned profitable in Q1 2024.
Malaysia
The bank reportedly plans to launch a debit card by the end of this year.
Thai insurtech firm Sunday has issued additional shares to its largest shareholder.