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Udhay Furtado has left Goldman Sachs after 12 years with the US bulge bracket firm to take up a new role at Citi. -
Chong Hing Bank’s head of structured finance has resigned, according to a source close to the move.
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The insurance watchdog in Hong Kong is hoping to mimic Stock Connect as it considers a cross-border access scheme with the mainland market, the renminbi is the fifth most used payments currency, and DBS is planning to set up a securities joint venture in China.
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The Chinese central bank’s monetary policy committee reiterates its neutral stance, top economic planner to abolish foreign ownership limits in the financial sector in three years, and the vice premier argues that protectionism could drag global growth into negative territory.
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Foreign investors are bullish about the prospects for RMB-denominated investments in the Mainland, but liberalising access to derivatives and promoting two way flows need to be priorities for regulators, foreign investors told the Institute of International Finance’s China Financial Summit.
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Anagh Chaudhry, a member of the Asia ECM syndicate team at Deutsche Bank, has resigned from the firm.
