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Two more follow Darwish and Safa leaving last month
The US bank is reshuffling several roles in the Middle East
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Hang Seng rejigs benchmark index – DBS and HSBC make changes in Malaysia -
Hong Kong has begun exploring ways to allow listings by special purpose acquisition companies (Spacs), which are gaining popularity in Asia after taking the US by storm in the past year. But while the early-stage discussions show the bourse’s growth ambitions, it will have to clear numerous roadblocks to make blank-cheque firms a reality. Jonathan Breen reports.
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Hong Kong is exploring the possibility of getting in on the craze around special purpose acquisition companies (Spac), which has begun to gain ground in Asia this year.
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Hang Seng Indexes Co is planning to double the stocks in its flagship index, a move that will better represent the increasing number of Chinese companies on the bourse.
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The China Securities Regulatory Commission (CSRC) has firmed up new rules for so-called ‘company bonds’, a move that is set to provide greater flexibility to corporate issuers tapping the exchange bond market.
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Jane Fraser, CEO of Citigroup, said on Monday — her first day in the post — that the bank was committing itself to net zero financed greenhouse gas emissions by 2050. It joins major banks such as Barclays, HSBC and Morgan Stanley in having made such a promise.
