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Private credit

Private credit
Private credit, or private debt, refers to the provision of financing to companies and individuals from funds rather than banks or public markets. This asset class has grown over the past two decades to become a trillion-dollar industry, with Asia-Pacific catching up as an important market.
An aerial view of buildings under construction in Hangzhou, Zhejiang province, on March 15. Beijing is allowing underperforming and overleveraged segments, especially property developers and local government financing vehicles, to contract. Photo: AFP
China economy

Opinion | China’s shrinking credit reflects a financial reset, not a collapse

Beijing is moving away from the old growth model reliant on rising leverage, towards a framework that prizes risk management and data integrity.

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Banking & finance

Healthcare and tech to drive Asia-Pacific private equity deals amid slower growth

Banking & finance

Adams Street joins wave of investment firms opening in Hong Kong

Fintech

Fintech can supercharge Hong Kong as financial hub: Broadridge CEO

Technology for applications like proxy voting and private debt can strengthen ties with mainland China, rest of world, Tim Gokey says.

A view of Victoria Harbour taken from Hong Kong Observation Deck in Sky 100 in West Kowloon on February 27, 2025. Photo: Sam Tsang
Hong Kong property

Can Hong Kong’s financial sector revive the city’s floundering office market?

Massive uptake of office space by financial firms amid an upturn in the city’s IPO fortunes offers a glimmer of hope for the property sector.

Banking & finance

Asia-Pacific investors seek shelter in alternative assets amid global tensions

Appetite for private credit and equity has increased over the past six months among investors in the region, Coller Capital report shows.

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Banking & finance

HSBC asset-management unit dives into private credit in Asia

Lender is the latest financial institution to enter the private-credit market, drawn by attractive returns and diversification advantages.

A view of HSBC headquarters in Central, Hong Kong, on April 29, 2025. Photo: Sun Yeung
Banking & finance

Tencent-backed China Ruyi to tap bond market for US$500 million, sources say

The streaming media firm, behind series like ‘War of Faith’, is looking for new funds as Chinese firms accelerate offshore fundraising.

Banking & finance

Exclusive | Chelsea owner Todd Boehly eyes Hong Kong and Macau for new ventures

The American tycoon spots potential for fintech, sports and entertainment expansion in Hong Kong and Macau.

Wealth Report

From niche to necessity: private credit transforms Asia’s lending landscape

As rising interest rates and market volatility push investors towards alternative assets, private credit is gaining traction – though some question whether the sector can maintain its strong returns.

Since the global financial crisis of 2007-08, private credit – nonbank lending from institutional investors direct to businesses or individuals – has gone from strength to strength. Photo: Getty Images/AFP
Mergers & Acquisitions

China’s 2025 M&As may rise 15% as deals bottom out, UBS says

UBS says China M&A deal volume fell 10 per cent in November from a year earlier to US$297 billion.

Samson Lambert Lo of UBS. Photo: Aileen Chuang
Banking & finance

China’s economic stimulus is a boon for APAC private capital market: Preqin

China’s contribution to the region’s market for private capital has tumbled, but measures from Beijing could spark a turnaround.

Banking & finance

Flourishing private credit market is a ‘big story’ in Asia: industry experts

The number of private debt funds in the Asia-Pacific region grew by 22 per cent to 94 at the end of 2023 compared with a year before as financial institutions bet on the flourishing market.

Banking & finance

Macroscope | As private credit warnings grow, the fear is that the horse has bolted

The IMF is warning regulators about the systemic risks of the rapidly growing private credit market, a largely opaque sector involving direct lending to corporations

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IMF managing director Kristalina Georgieva speaks at the China Development Forum in Beijing on March 24. The IMF has red-flagged the private credit market, which has the potential to suck much larger chunks of the global financial system into a vortex. Photo: AFP
Banking & finance

China’s outbound investments to drive demand for private credit: ADM Capital

Chinese companies seeking to expand overseas and Asian SMEs with ESG potential hold a lot of potential for private credit providers, ADM Capital founder Christopher Botsford says.

ADM Capital founding partner Christopher Botsford sees a lot of potential in lending to companies in China and rest of Asia. Photo: Jonathan Wong
Banking & finance

Hong Kong private credit bridges gap left by banks’ retreat, lends against property

Private credit lenders are capitalising on businesses’ thirst for generating liquidity from their property assets in Hong Kong, banking on the city’s sound legal system.

Banking & finance

Private credit funds lure family offices, wealthy individuals as returns sizzle

Private credit is becoming particularly appealing to affluent families who previously found access to this investment avenue restricted due to its exclusivity, according to William Chow at Raffles Family Office.

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Banking & finance

Hong Kong ‘losing out’, should tax-exempt private credit assets: industry body

Hong Kong’s funds industry is calling for a profit tax exemption for private credit assets, as the city is failing to attract a booming business and is losing out to Singapore because of its existing tax regime.

Pedestrians cross a street in Hong Kong’s Central district on January 18, 2024. Photo: Eugene Lee
Banking & finance

Goldman Sachs and Abu Dhabi’s Mubadala sign US$1 billion private credit deal

The US investment bank and the Abu Dhabi sovereign wealth fund will extend long-term capital to ‘high-quality companies and sponsors’ across Asia-Pacific to capitalise on private-credit opportunities.

Banking & finance

Asia’s SMEs, education and technology sectors in private credit’s cross hairs

Asia’s small and medium sized-enterprises and sectors like technology and education have a widening funding gap, and private credit players are seeing lending opportunities here.

Banking & finance

Hong Kong’s talent base can fuel further growth in Asian private credit: APLMA CEO

Hong Kong’s sophisticated investor base is bringing lending expertise to Asia’s rapidly growing private credit market, which still only accounts for only 5 per cent of the global tally, indicating its growth potential.

The Headquarters buildings of HSBC and Standard Chartered Bank are photographed at Central. Photo: Yik Yeung -man
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