Asia Roundup
Chinese Investors Rush to Open Hong Kong Accounts amid Beijing Crackdown
Chinese investors are rushing to Hong Kong to open bank accounts and buy investment products, as Beijing cracks down on cross-border capital flows in a shift that shareholders fear may dent returns for groups including HSBC, The Financial Times reported.
Beijing has in recent weeks penalised several Chinese brokerages for allowing mainland investors to make overseas investments. Hong Kong authorities have also tightened guidelines for opening bank accounts in the financial hub and asked brokerages to review their onboarding procedures.
Mukesh Ambani’s Reliance Group Enters Mumbai Slum Redevelopment Sector
Indian billionaire Mukesh Ambani’s Reliance Group has won a bid to redevelop a 101.4 acre slum in western Mumbai, marking its entry into a sector where rival Adani Group is already redeveloping one of Asia’s biggest slums, Dharavi, Reuters reported.
A consortium led by Reliance 4IR Realty Private Ltd won the bid for the Juhu Galli slum cluster in Andheri, the Mumbai-based Slum Rehabilitation Authority said. The tender also attracted bids from metals giant JSW Group and conglomerate Shapoorji Pallonji Group.
Australian Private Credit Firm Makes Bet on UK Loan Manager
Australian real estate private credit firm Qualitas is expanding into Europe with the acquisition of a UK-based loan manager, leveraging on growing demand for commercial financing across the region, Bloomberg reported.
The Melbourne-based firm will pay A$36.5 million ($27 million) for the investment management business of Starz Real Estate, which has a £376 million ($504 million) commercial property loan portfolio in the UK and Europe.
Indonesia Roundup
Danantara Releases Debut USD Bond Statistics
Indonesian sovereign fund Danantara’s investment arm, Danantara Investment Management (DIM), has raised USD 1.5 billion from its debut international bond issuance, according to its press release.
At its peak, Danantara said the book reached around USD 4.6 billion of orders, with demand supported by institutional investors from the United States, Europe, the Middle East, Africa (EMEA), and Asia.
Acrostics Asia wrote on 12 June 2026:
💼 Brief Take: Danantara’s International Bond Splash
Why was Danantara able to attract more than USD 4.6 billion in orders for its debut offshore bond and cut the final yields despite the market turbulence? Two words: sovereign link. Despite some concerns about the intended allocation of the bond proceeds and where the issuer, DIM, sits in the overall structure of the fund, it’s ultimately seen in the buyside community as a quasi-sovereign that should have the support of the Indonesian government.
This is the breakdown of the order books:
Acrostics Asia is an independent credit intelligence provider that delivers forward-looking insights across Asian sovereigns, private credit and restructurings.