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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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  • Corporate treasurers are revisiting their attitudes towards the RMB in light of its increased volatility and Chinese regulators’ push to liberalise the currency, according to panellists speaking at a conference in Singapore last week.
  • The People’s Bank of China announced new measures on Wednesday to facilitate cross-border trading in the country’s gold market. The rules follow the launch of a new pricing benchmark in April, which is expected to draw renewed attention to the gold market internationally, according to the World Gold Council (WGC).
  • Tianjin Rail Transit Group (TRT) ventured into the international bond market for the first time on Wednesday and is receiving bids for a $500m dual-tranche offering.
  • Norton Rose Fulbright has named Hong Kong-based US securities and corporate lawyer Harold Tin a partner with the firm.
  • Shanghai International Port Group (SIPG), the biggest port company in China and majority owned by the state, is set to issue a debut CNH bond in the Shanghai Free Trade Zone as early as this month, two sources have told GlobalRMB.
  • Indian companies are showing interest in issuing offshore rupee-denominated, or Masala, bonds but a leading financier warns that the market will not heat up until the central bank allows private banks to fund deals.
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