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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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Fitch Rating’s China arm, Fitch (China) Bohua Credit Ratings, assigned its first domestic rating five months after securing a licence in the world’s second largest bond market. But international agencies still face plenty of hurdles to growing their businesses onshore, writes Addison Gong. -
China’s State Administration for Market Regulation (Samr) has imposed a Rmb2m ($298,000) fine on each of Luckin Coffee’s two main operating entities in China and three other companies, the highest possible penalty under the country’s competition law.
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Fitch Rating’s China arm, Fitch (China) Bohua Credit Ratings, assigned its first domestic rating this week, five months after securing a licence in the world’s second largest bond market.
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In this round-up, China wants to improve the quality of domestic listed firms to cut down financial crime, Shenzhen opens the door for increased foreign inflows for the next five years, and Standard Chartered applies to the securities regulator to set up a securities firm onshore.
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In this round-up, China joins an initiative backed by the World Health Organization for fair global access to Covid-19 vaccines, the country’s foreign exchange reserves slide, and US president Donald Trump continues blaming Beijing for causing the pandemic.
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Bank of Communications has hired Raymond Yip to its loans team in Hong Kong.
