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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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  • Wuhan Metro Group and Jiangsu Zhongguancun Science Park Holding Group added their names to the growing list of Chinese local government financing vehicles (LGFVs) sealing inaugural dollar bonds in the international market this year.
  • Credit Suisse launched its onshore brokerage business in China on Wednesday, placing it among a handful of global banks that have securities trading operations in the Mainland.
  • Global mining firm MMG, whose largest shareholder is China Minmetals Corp, has proposed a rights issue of over 2.5bn new shares in a move to raise HK$4.0bn ($515.8m).
  • A subsidiary of Chinese electro-acoustic product maker Goertek has approached banks for a $150m three year borrowing.
  • State-owned China Nuclear Engineering Group Co (CNEC) has hired banks to test appetite for its inaugural CNH bond — the third time it is attempting to sell a dim sum deal.
  • JP Morgan is working with US regulators to resolve probes into its hiring practices in Asia, years after investigators were reported to be looking into whether it hired the children of Chinese officials in Hong Kong to win business.
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