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The US bank is reshuffling several roles in the Middle East
Senior banker will move to Abu Dhabi to take up position
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JP Morgan Chase appointed Mark Leung as chief executive of China on Monday, as it unveiled plans to expand its business in the country. -
The Singapore and Israel bourses have signed a pact aimed at spurring dual listings of technology and healthcare companies.
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The Chinese central bank outlines achievements in RMB internationalisation in 2018 so far, onshore subsidiary of Foxconn prepares A-share market debut, and international banks’ business in Shanghai grew in the first quarter.
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The Hong Kong Monetary Authority (HKMA) has introduced a pilot bond grant scheme, outlining a new initiative to drive debt issuance in the city.
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Two international financial institutions apply for majority stakes in onshore joint ventures, Vanguard sells new ETF to track Chinese stocks globally, and Taiwan Futures Exchange (TAIFEX) joins hands with S&P Dow Jones to set up the first RMB futures indices in Taiwan.
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Japan receives a renminbi qualified foreign institutional investor (RQFII) investment quota, People’s Bank of China chief backs greater liberalisation of domestic financial sector and RMB exchange rate, and the central bank outlines key objectives for RMB internationalisation in 2018.
