Tag: Offshore

  • Chinese Firms Reign Supreme in APAC Investment Banking: Rapid IPO Rise and Offshore Bonds Fuel 2025 Success

    Chinese Firms Reign Supreme in APAC Investment Banking: Rapid IPO Rise and Offshore Bonds Fuel 2025 Success

    In 2025, prominent positions in Asian investment banking fee generation were predominantly filled by Chinese corporations, spearheaded by a surge in offshore bond issues and a remarkable initial public offering (IPO) boom in Hong Kong.

    Leading Positions Dominated By Chinese Companies

    Citic Securities, based in Beijing, took the lead in investment banking fees generated in the Asia Pacific region (excluding Japan) for 2025, raking in $1.45 billion. This figure represented a 5.8 percent share of the total fees generated across the region. Citic Securities was trailed in the ranking by fellow Chinese counterparts, including China Securities, Bank of China, China International Capital, and Guotai Haitong Securities. Notably, Morgan Stanley, headquartered in New York, filled the sixth slot.

    Chinese investment banks asserted their dominance throughout the industry’s regional positions. This success was largely credited to their robust performance in issuing yuan-denominated dim sum bonds and in orchestrating mainland listings in Hong Kong.

    The Global Market Share

    In a broader perspective, investment banking fees across the Asia Pacific region witnessed a 19 percent year-on-year increase in 2025, amassing a total of $24.9 billion. This accounts for 18 percent of the global total fees earned, in contrast to 55 percent from the Americas and 21 percent from Europe.

    The investment banking fees referenced in this report encompass a range of activities including equity capital markets, debt capital markets, mergers and acquisitions (M&A) advisory, and syndicated lending services.

    Questions & Answers

    Who was the leading generator of investment banking fees in the Asia Pacific region in 2025?
    Beijing-based Citic Securities led the pack in 2025, generating $1.45 billion in investment banking fees.

    What factors contributed to the success of Chinese investment banks in 2025?
    Chinese investment banks benefitted significantly from strong performances in the issuance of yuan-denominated dim sum bonds and mainland listings in Hong Kong.

    How much of the global total of investment banking fees did the Asia Pacific region account for in 2025?
    In 2025, the Asia Pacific region accounted for 18 percent of the total global investment banking fees.

  • M1 Debuts 5G Offshore Coverage for Singapore’s Southern Coast

    M1 Debuts 5G Offshore Coverage for Singapore’s Southern Coast

    M1 Limited has announced that it will undertake an ambitious multi-year project that aims to provide ubiquitous 5G standalone (SA) offshore coverage for the southern coast of Singapore, including the surrounding waters of the southern islands.

    Extending 5G offshore coverage enhances connectivity in the larger maritime ecosystem and unlocks new use cases and applications. This is an important step in the maritime industry’s digital transformation efforts and its goal of becoming the next engine of growth for Singapore.

    In collaboration with, and with co-funding from, the Maritime and Port Authority of Singapore (MPA) and the Infocomm Media Development Authority (IMDA), M1 will provide a 5G standalone (SA) network to trial, develop and deploy new maritime 5G use cases under the IMDA Innovation and Ecosystem Testbed Programme and the MPA Innovation Lab – making this the world’s first public and largest maritime testbed at sea.

    The potential 5G use cases are targeted at enhancing the efficiency and safety of maritime operations and management. The use of 5G connectivity includes telemedicine to enable crew welfare at sea, delivery drones, maritime surveillance, and autonomous vessels as well as remotely controlled task-based robots, such as ship inspection and autonomous fire-fighting robots, that are used for more dangerous and labor-intensive tasks.

    “The launch of M1’s 5G standalone network provides low-latency, responsive, secured and high-throughput mobile connectivity to ensure more precise and reliable communications between the ships and the port. 5G has the capability to resolve long-standing pain points, and it will become the natural technology of choice for the maritime industry. As the first country to extend 5G standalone coverage to sea for maritime operations, M1 is excited to partner  MPA and IMDA to co-develop 5G solutions that will not only transform the industry but benefit the whole of Singapore’s maritime economy,” said Manjot Singh Mann, CEO of M1.

  • Offshore wind power capacity to reach 36 GW by 2045

    Offshore wind power capacity to reach 36 GW by 2045

    Vietnam’s offshore wind power capacity will increase 36 GW by 2045, according to the latest draft of the Power Development Master Plan VIII.

    It will increase to 4 GW by 2030, 10 GW by 2035, 23 GW by 2040. Offshore wind power will account for some 2.6 percent of the total electricity generation capacity in 2030 and 10.8 percent in 2045. Offshore wind power farms will be located mainly in the north and the south of the country.

    In the previous draft of the plan, the Ministry of Industry and Trade had set a target of lifting offshore wind power capacity to 2-3 GW, or 1.5-2 percent of the total, by 2030.

    At a meeting held to discuss the latest draft Friday, Mathias Hollander, senior manager of the Global Wind Energy Council (GWEC), said Vietnam can have an offshore wind power capacity of 5-10 GW by 2030. The country’s offshore wind power generation has an efficiency of over 50 percent, similar to that of hydroelectricity, he noted.

    According to GWEC calculations, Vietnam will have to invest $10-12 billion for the first 4-5 GW of offshore power wind capacity, but the wind is an infinite source, so the country will not have to keep feeding wind power farms as it does with coal or gas-fired plants.

    Meanwhile, the unit cost for 1,000 kWh of electricity generated by an offshore wind power farm is around $83, down from $255 in 2010. It is expected to further drop to $58 by 2025.

    With a coastline of 3,260 km, low sea levels, and high wind speeds (7-10 meters per second at a height of 100 meters), Vietnam is an emerging offshore wind power magnet in Southeast Asia, experts say.