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Executive is moving to more senior role
India is on track for a record year of IPOs. Global tech giants continue to plough capital into a fast-growing consumer economy that is investing heavily in ensuring it’s a major player — along with the US and China — in an AI-first world
◆ Deal finds demand despite arrest of South Korea's president ◆ High single digit concession left for investors ◆ Leads added spread to calm concerns
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  • Chinese regulators have made a long overdue move to reduce the number of boards at the Shenzhen stock exchange. That points to a greater commitment towards streamlining the country’s sometimes confounding capital markets.
  • Solar and wind power company ReNew Power added further momentum to India’s green bond market this week with a new $460m deal.
  • China-based Betta Pharmaceuticals, a developer of cancer treatments, is planning a Hong Kong IPO, having filed draft paperwork with the city’s stock exchange on Monday.
  • India's UltraTech Cement sold Asia’s second dollar sustainability-linked bond (SLB) this week as the instrument steadily gains traction among issuers.
  • Mining Industry Indonesia, a holding company for the government’s stakes in five domestic mining firms, is seeking an up to $750m borrowing from the loan market.
  • Hong Kong’s Securities and Futures Commission (SFC) is planning to introduce new rules that will require syndicate teams on bond and equity deals to be fixed earlier and brokers to disclose their fee structures, moves that are aimed at improving transparency in the city's capital markets and hold banks more accountable for their transactions.
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