Asia Pacific

Udhay Furtado has left Goldman Sachs after 12 years with the US bulge bracket firm to take up a new role at Citi.

Chong Hing Bank’s head of structured finance has resigned, according to a source close to the move.

Fresh from a successful Shanghai IPO in May, WuXi AppTec is pushing for a dual-listing in Hong Kong worth a possible $2bn.

Central Bank of India is planning to raise Rp80.0bn ($1.2bn) in new equity at a time when issuance from the country's finance sector has fallen sharply.

Metals tycoon Anil Agarwal has made a possible offer to take full ownership of Vedanta Resources, the London-listed mining company, for 825p a share, as UK M&A continues to drive a sharp increase in lending in the currency.

The insurance watchdog in Hong Kong is hoping to mimic Stock Connect as it considers a cross-border access scheme with the mainland market, the renminbi is the fifth most used payments currency, and DBS is planning to set up a securities joint venture in China.

China Tower Corp is set to begin premarketing its Hong Kong IPO next week, after winning listing approval on Thursday for what is expected to be a $10bn deal, according to a source close to trade.

The Chinese central bank’s monetary policy committee reiterates its neutral stance, top economic planner to abolish foreign ownership limits in the financial sector in three years, and the vice premier argues that protectionism could drag global growth into negative territory.

Redsun Properties Group hit the road on Thursday to drum up buy-side demand for its potential HK$2.5bn ($324.2m) Hong Kong IPO.

Hangzhou Steam Turbine & Power Group is seeking a new $100m offshore borrowing.

Foreign investors are bullish about the prospects for RMB-denominated investments in the Mainland, but liberalising access to derivatives and promoting two way flows need to be priorities for regulators, foreign investors told the Institute of International Finance’s China Financial Summit.

Hopes for a pick-up in bond issuance volumes in Asia were dashed this week as trade war fears between the US and China made investors risk averse.