Government debt among ten of the largest developed markets is set to continue rising sharply, with over two thirds of the growth attributable to the US.

A potential presidential executive order to facilitate investment in private assets for U.S. retirement plans, including 401(k)s, would provide alternative investment managers (Alt IMs) an additional avenue of growth.

Katie Chen, Senior Director at Fitch Ratings, and Franco Lam , Director, share their insights on the recent regulatory reforms in China’s AMC sector.

Fitch believes that U.S. legislation governing the issuance of stablecoins will address key risks and stimulate stablecoin adoption.

The Reserve Bank of India’s (RBI) commitment to maintain significant liquidity surpluses in the banking system has significantly eased funding conditions for Indian banks.

Rui Pereira, Global Group Head, Structured Finance, and Eric Rothfeld, Managing Director – Head of North American CMBS New Issue Ratings, discuss data center securitizations and Fitch Ratings’ approach to this growing sector.

The passage of the One Big Beautiful Bill Act (OBBBA) will have profound long-term implications for U.S. not-for-profit (NFP) hospitals, but many of the act’s provisions will not be implemented until 2027 or beyond, giving hospitals time to prepare.

Thomas Rookmaaker, Head of APAC Sovereign Ratings, and Krisjanis Krustins, lead analyst for Japan, discuss Japan’s fiscal outlook, covering the impact of rising bond yields, fiscal populism and long-term spending pressures.

惠誉认为，政府近期出台的监管政策有助全国性资产管理公司拓展其业务范围、提升风险控制能力，并逐步改善其盈利能力，为行业走向更可持续的发展模式奠定基础。三大资产管理公司的股权由财政部划转至中央汇金则有望为资产管理公司在管理、战略或风险状况方面带来正面影响，并有可能改善未来政府支持的及时性。

New legislation approved by Vietnam’s National Assembly will reduce the risk that banks’ efforts to resolve bad debt become tangled in legal proceedings.