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Emerging market specialist moves to Middle East
CSFB and Barclays banker was one of market’s most eminent figures
Senior loans banker leaves Deutsche after 14 years
Bank says it is investing in Middle East and plans more hires
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China has made some much-needed changes to rules for foreign investors using the Qualified Foreign Institutional Investor scheme and its renminbi sister scheme, reviving some of the appeal of these access programmes. -
In this round-up, China’s foreign exchange reserves see an unexpected rise last month, export data improves but imports drop, and the central bank is planning to issue three month and one year renminbi bills in Hong Kong next week.
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In this round-up, the US refuses to back down from accusing China of covering up the origins of the Covid-19 pandemic, but despite the rising tensions, top trade officials from the countries spoke on Friday morning.
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UBS has hired from China’s top banking and insurance regulator for a newly created job called China integration lead.
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The Asian Infrastructure Investment Bank has approved a $500m loan to help India combat the Covid-19 pandemic, as the number of cases in the country surpasses 56,000.
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The International Monetary Fund should be given a green light to create almost $1.4tr of new liquidity by issuing more of its own currency to help emerging economies hit by Covid-19, according to a former IMF executive who now runs an influential think tank.
