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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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  • RMB assets remain unpopular as a result of policy uncertainty and the country’s trade surplus, said market participants at the HKEX RMB Fixed Income and Currency conference on Tuesday, who reckoned this shortfall is limiting the potential of RMB internationalisation.
  • Shares of China Resources Cement Holdings tumbled at the open on Tuesday following an overnight equity block trade that was done at a 10% discount and raised HK$4.2bn ($533.4m).
  • China Railway Construction Corp’s board has approved the spin-off of its heavy industry arm through an IPO in Hong Kong.
  • BNP Paribas’s Singapore chief executive officer is relocating to the US to take up a new position within the bank, according to sources.
  • Credit Suisse has appointed Felicity Chan to lead its equity syndicate team in southeast Asia, while promoting Yvonne Voon to head of real estate coverage for the region.
  • Hong Kong Exchanges and Clearing (HKEX) is planning to formally re-launch a futures contract for Chinese treasury bonds (T-bond), after piloting the product last year, Charles Li, chief executive of the bourse, told the HKEX’s RMB Fixed Income and Currency Conference on Tuesday.
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