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  • The People’s Bank of China (PBoC) and the State Administration of Foreign Exchange (Safe) have set new rules on cross-border capital management for Chinese Depository Receipt (CDR) issuers. Meanwhile, the Shanghai tech board’s listing committee will give its verdict on three candidates on June 5.
  • MUFG has filled another key position in the APAC region by naming Richard Yorke as head of global corporate and investment banking (GCIB) for Asia Pacific.
  • Far East Horizon has boosted its latest offshore borrowing to $1bn, attracting 10 participants during syndication.
  • The People’s Bank of China (PBoC) and the China Banking and Insurance Regulatory Commission (CBIRC) have taken control of Baoshang Bank, a mid-sized regional bank, the PBoC said last Friday evening. The takeover will last a year.
  • The second Mongolian issuer in as many weeks was forced to postpone a dollar deal last Thursday. But the failed trades are not indicative of the greater market in Mongolia, as three of the country’s dollar bonds were among the top performers in high yield last week.
  • Online education platform GSX Techedu has launched the deal roadshow for its New York Stock Exchange IPO, in which it is targeting proceeds of up to $227.7m.