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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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  • Credit Suisse has made a new hire in its Chinese securities joint venture, naming Steven Zhang as head of sales trading to oversee its onshore brokerage operations.
  • Singapore Exchange has completed its takeover of the Baltic Exchange in London.
  • Do not be reassured by the checks and balances narrative. The US presidential election matters desperately. Either the US will be in a position to keep leading the world, or it won’t.
  • Chinese property company Zhongshan Dasin Holdings is raising funds worth $419m in two currencies and multiple tenors.
  • The crushing of recent Hong Kong IPOs in secondary and the anxiety it has caused among investors has led to much finger-pointing in the ECM fraternity. But to lay the blame squarely at the feet of a single bank or deal is hardly fair. In an IPO market strewn with casualties, everyone has to share the responsibility.
  • A subsidiary of Malaysian telecommunications company Axiata Group, which approached the loan market for $100m in June, is overhauling and increasing the financing to $400m to fund potential acquisitions.
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