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Change reflects growing importance of Saudi Arabia
Better read on secondaries would help syndicates price bonds
Third Saudi capital markets banker to leave in recent months
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Harbin Bank, a city-level Chinese commercial bank, has become the fourth bank to get state backing following the regulators’ landmark move to take over Baoshang Bank in May. -
Citi has named Ken Chow and Udhay Furtado as co-heads of Asia equity capital markets, according to an internal memo seen by GlobalCapital Asia.
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In this round-up, US president Donald Trump threatened to raise tariffs on China if the phase one deal is not reached, two Republican senators took action to speed up the passing of the Hong Kong Human Rights and Democracy Act and Chinese president Xi Jinping wrapped up a state visit to Greece.
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UBS has hired from insurance company FWD Group to fill the position of head of financial institutions group for Asia Pacific.
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In this round-up, Alibaba Group Holding’s Singles’ Day sales hit a record high, industrial production growth and credit growth both slowed in October and Standard Chartered’s Renminbi Globalisation Index reached a year-to-date high.
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Andrea Casati, vice-chairman of equity capital markets for Asia Pacific at UBS, left the bank earlier this month, according to a source close to the situation.
