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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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Standard Chartered has appointed Michael Spiegel as global head of transaction banking, succeeding Lisa Robins, who is retiring from the banking industry. -
Credit Suisse has named Mark Uy as its country manager for the Philippines, effective December 1.
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The Chinese central bank and the banking and insurance regulator plan to increase oversight on the booming domestic online micro-lending market, in a bid to curb risks in the sector. The two are also among regulators that held talks this week with financial technology giant Ant Group, which owns two microloan companies.
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China’s latest measures to reform its longstanding inbound investment schemes, Qualified Foreign Institutional Investor (QFII) and its renminbi-equivalent RQFII, kicked into effect on November 1.
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Hong Kong’s stock exchange operator is planning to encourage more secondary listings in the city by extending a 2018 rule change that first made these deals possible.
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In this round-up, the Purchasing Managers’ Index reading for October points to steady recovery momentum for the Chinese economy, profitability improves at the country’s largest state-owned lenders, and Hong Kong seeks help from the World Trade Organization to ban the US’s demand for its exports to be labelled ‘made in China’.
