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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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In this round-up, China’s GDP growth for the second quarter beats expectations by a large margin, the banking and insurance regulator asks financial institutions to step up efforts to eliminate the shadow banking sector, and a green-dedicated national fund is up and running in Shanghai.
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In this round-up, the UK bars Huawei Technologies from its 5G mobile network, the Chinese foreign ministry retaliates against recent US sanctions, and Donald Trump signs an executive order that ends Hong Kong’s preferential trade treatment.
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China has introduced a primary legal framework to tackle bond defaults, bringing together separate guidelines that had been in place for each of its three debt markets. While the move simplifies things for bondholders, there are still a number of unanswered questions, said bankers.
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China’s onshore bond market has experienced huge selling pressure over the last few months, leading to a sharp rise in domestic yields. But bankers say not all issuers are willing to accept “the new reality”.
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Are Asian bond issuers being unrealistic with their price targets? Some bankers in the region say recent volatility should force issuers to rethink their expectations.
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Chinese property company Agile Group Holdings has launched a HK$3.242bn ($418m) refinancing loan into syndication.
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