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GC Asia
People & Markets - All Articles
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China policy and markets round-up: Beijing sanctions former Trump officials, PBoC tightens grip on non-bank payment market, profit growth slows at central SOEs
In this round-up, China imposes sanctions on 28 US government officials who were part of the Donald Trump administration, the central bank increases oversight of non-bank payment firms, and profit growth at central government-owned enterprises suffers from the Covid-19 pandemic.
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HSBC team to target MENAT ESG activity
HSBC has created a dedicated sustainable and transition finance team for the Middle East, North Africa and Turkey, as the region tries to make its economies more sustainable.
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JPM names CEO for China securities JV
JP Morgan has made new appointments to its China-related businesses, including picking the chief executive for its majority-owned onshore securities joint venture.
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Deutsche’s Ross goes on leave
Frazer Ross, head of investment grade debt syndicate for Europe, the Middle East and Africa at Deutsche Bank, is taking a sabbatical.
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Six brokerages win top interbank underwriting licence
For the first time in eight years, China has handed out new lead underwriting licences to securities houses. While the move will help ambitious firms grab a slice of China’s Rmb102tr ($15.7tr) interbank bond market, they are unlikely to pose a big threat to the competition just yet. Addison Gong reports.
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MUFG names Asia global markets research head
MUFG Bank (Hong Kong) has appointed Lin Li as head of global markets research for Asia.
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Nomura beefs up wealth management business
Nomura has added more than 20 private bankers and investment advisers in Hong Kong and Singapore as part of its strategy to boost its wealth management business in Asia and globally.
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Bryson hire reveals SMBC Nikko’s ambitions in EMEA capital markets
SMBC Nikko wants to grow its capital markets and advisory business in EMEA, which is smaller than its parent’s heft in the loan market. It has hired Anthony Bryson, a former NatWest Markets and BNP Paribas banker, to lead the push.
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The week in review: China’s GDP grows 2.3% in 2020, regulator expands market bans on securities-related violations, Ant works on business overhaul timetable
In this round-up, China’s coronavirus-hit economy grows 2.3% year-on-year in 2020, the securities regulator plans to introduce more bans on those who break rules in the onshore capital markets, and the vice central bank governor says Ant Group will give a timetable for the shakeup of its businesses.
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China policy and markets round-up: Xiaomi, Cnooc added to US blacklists, Beijing launches grading system for consumer finance companies, insurance asset managers
In this round-up, the US adds Chinese technology giant Xiaomi Corp and oil major Cnooc to its blacklists, and Beijing announces measures to monitor consumer finance companies and insurance asset managers.
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Singapore’s OCBC names Wong as CEO
Oversea-Chinese Banking Corp has appointed Helen Wong as its next chief executive, propelling the former HSBC banker to the top job just a year after she joined the Singaporean lender.
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ING banker to lead SGX’s sustainability efforts
Senior ING banker Herry Cho is moving to the Singapore Exchange to take on a newly created position as head of sustainability and sustainable finance.
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UBS hires Granger to lead SEA M&A team
UBS has appointed Axel Granger as head of M&A and head of financial sponsors for southeast Asia, a newly created position at the bank.
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The week in review: December CPI inflation turns positive, Beijing hits back at foreign sanctions, CBIRC fines seven FIs
In this round-up, consumer inflation in China turns positive in December, Beijing announces rules to protect Chinese companies from sanctions of foreign governments, and the banking and insurance regulator hands a Rmb200m ($30.1m) fine to financial institutions including China Development Bank and Industrial and Commercial Bank of China.
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China policy and markets round-up: PBoC unveils 2021 goals, Beijing extends SME support, Trump bans Alipay, WeChat Pay
In this round-up, the central bank sets working goals for 2021, the Chinese government extends its policy to support small and micro-sized enterprises, and the US bans eight Mainland-based applications including the popular Alipay and WeChat Pay.
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Loans banker Chang to leave Mizuho
Monita Chang, a senior director in Mizuho’s debt structuring and syndication team in Hong Kong, is leaving the bank, according to a source close to the situation.
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CreditAg names new Apac sustainability head
Crédit Agricole has named Victoria Land as its new head of sustainable banking for Asia Pacific.
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China moves ahead with delisting reform
The stock exchanges in Shanghai and Shenzhen have introduced new regulations to forcibly delist companies, fast-tracking the process and giving more clarity about the various scenarios that can push firms to exit the bourses. There are loopholes, however, and the true impact of the regime on China’s equities market will probably be limited, writes Addison Gong.
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Asia people news in brief: January 7, 2021
StanChart bolsters sustainable finance team — CreditAg names Apac sustainability head — BOC HK appoints CEO — HKEX picks interim chief — Hang Seng has new chairman
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Créd Ag's Loynes goes global
Damien Loynes' syndicate responsibilities at Crédit Agricole have been expanded.
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NYSE reverses China telcos delisting plan
The New York Stock Exchange has dropped plans to delist the stocks of China Mobile, China Telecom Corp and China Unicom (Hong Kong).
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Shanghai, Shenzhen launch delisting reform
The stock exchanges in Shanghai and Shenzhen have heeded increasing calls from the market for a revision to their delisting rules by introducing tougher measures and a faster process to remove companies from their bourse.
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The week in review: China, EU reach investment deal, NYSE to delist Chinese telecom trio, regulators curb real estate loans
In this round-up, China and the European Union wrap up negotiations on a bilateral investment agreement, the bourse in New York moves to delist three Chinese telecommunication giants, and the Mainland regulators have increased oversight on loans in the real estate sector.
