Asia Pacific
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MUFG has for the first time chosen a single leader for its banking and securities divisions in EMEA. John Winter will take the post from April 1, meaning that the most senior executive in EMEA will be non-Japanese for the first time.
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Chinese financial technology company Bairong has set its Hong Kong listing in motion after winning approval from the city’s bourse. -
Hong Kong is facing the possibility of a fifth Covid-19 wave in the city, with the latest virus bubble infiltrating the financial industry.
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Indian auto components maker Craftsman Automation opened bookbuilding for its Rp8.2bn ($113.3m) IPO on Monday.
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Alibaba Group Holding-backed artificial intelligence company Megvii Technology has officially filed for a Rmb6bn ($922m) listing of Chinese depository receipts on Shanghai’s Nasdaq-style Star board.
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China’s Tuya, an internet-of-things cloud platform provider, has kicked off the roadshow for its US listing. It is aiming to raise up to $871.8m.
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In this round-up, China publishes a set of strong economic data for the first two months of the year, five Chinese telecommunications companies including Huawei Technologies are blacklisted in the US for posing a national security threat, and UBS is boosting its holding in its onshore securities joint venture to 67% from 51%.
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In this round-up, Chinese premier Li Keqiang defends Beijing’s ‘above 6%’ annual GDP growth target, China’s exports soar during the first two months of the year, and the securities regulator is reportedly planning to increase scrutiny on IPOs in Shanghai’s Star market.
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Indonesian garment company Pan Brothers has been downgraded by Fitch Ratings for the third time this year owing to defaults on a dollar loan.
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Law firm Linklaters has added two new partners to its Hong Kong office to strengthen its business in private equity and leveraged finance investments.
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PTT Global Chemical (PTTGC) got a five times subscribed book for its dual-tranche bond on Thursday, attracting investors as a rare transaction from Thailand.
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Former Olympic gymnast and billionaire entrepreneur Li Ning, founder of sportswear brand Li-Ning, has set up a blank cheque firm targeting the Chinese consumer sector.
