The Financial Services Development Council welcomed the Hong Kong budget Finance+ agenda, saying measures in the 2026-27 Budget will deepen market liquidity and strengthen the city’s role as a global financial centre and international gateway for cross-border capital. Chairman Benjamin Hung said the multipronged approach supports building a fuller debt market and a more efficient yield curve, while executive director Rocky Tung praised plans to modernise capital markets, incl

The Philippine Securities and Exchange Commission has eased IPO free-float rules for large listings, introducing a tiered public ownership framework aimed at unlocking mega-IPOs as the market struggles to absorb big deals. Under SEC Memorandum Circular No. 11, issuers expecting market capitalisation above PHP50bn (USD890m) at listing must sell at least 15% to the public, subject to a minimum offer size of PHP10bn, versus the previous flat 20% requirement. For firms valued at