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Improving the transparency of debt and investment in emerging and developing countries will be even more important to improve the long-term sustainability of lending in the wake of the urgent need for countries to secure financing to fund initiatives to tackle the pandemic and deal with its economic impacts, World Bank president David Malpass said on Friday. -
The National Association of Financial Market Institutional Investors (Nafmii) has made fresh efforts to reform the bond issuance process in China. It is giving some issuers more flexibility around their fundraising plans and the way they can execute deals.
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In this round-up, China’s economy shrinks for the first time since records started, exports and imports fall in March but rebound from recent lows, and the State Council will further develop the country’s capital markets.
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In this round-up, China’s ambassador to the US said the two countries have been working towards implementing the trade agreement reached in January, and the UK’s foreign secretary said hard questions need to be asked about the Covid-19 pandemic.
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Stockor Ng, a former DBS loans banker, started his new job at China Citic Bank International this week, GlobalCapital Asia understands.
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Neil Tu, a vice president on CICC’s equity syndicate team, left the Chinese investment bank this week.
