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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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  • Industrial and Commercial Bank of China’s London branch issued a $1.5bn-equivalent green bond on Tuesday, becoming the third big Chinese bank to hit the offshore debt market with floating rate notes in less than a week.
  • Two Chinese online platform businesses will start pre-deal investor education for their Hong Kong IPOs on Thursday, according to bankers.
  • FTSE Russell is set to begin consultation on including China government bonds (CGB) in the World Government Bond Index (WGBI) this year, GlobalRMB understands.
  • China has had a busy fortnight in capital reform, with its long-awaited entry into MSCI, and progress in plans for Chinese firms to list in London and Frankfurt. Yet it is becoming clear that regulators should focus on Hong Kong links, rather than opening up new markets.
  • Guangzhou R&F Properties Co raised $200m from a tap of its existing bonds on Tuesday, opting to reopen an old deal amid a challenging market environment.
  • Ronshine China Holdings was back in the equity market on Tuesday for a top-up placement, pocketing HK$1.1bn ($140.1m) overnight.
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