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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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  • The One Belt One Road (OBOR) forum dominated global headlines on Sunday, when the summit kicked off in Beijing. While there was no shortage of grandiose statements, analysts remain divided over what OBOR will mean for China and its renminbi internationalisation (RMBi) strategy. In this round-up, GlobalRMB summarises the market views on the forum’s outcomes.
  • ING Bank’s Manuel Salak, clients coverage and corporate finance head for Asia, is retiring after 23 years at the firm, according to a Monday press release.
  • The Shanghai International Energy Exchange (INE), a subsidiary of the Shanghai Futures Exchange, has issued articles of association, general rules and contract specifications that take it closer to introducing crude oil futures.
  • A seasoned equity-linked banker formerly with several bulge bracket firms in Hong Kong has moved to a local brokerage.
  • The Pakistan Stock Exchange is planning to sell 20% of its share capital to the public and is seeking comments on its draft offer document, according to a filing.
  • Grand Baoxin Auto Group has sealed its latest fundraising from the syndicated loan market at $763.4m, higher than the $590m-equivalent launch size.
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