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  • Kitty Leung, who worked in the loan syndication department at Rabobank in Hong Kong, has left the Dutch lender.
  • The RMB qualified foreign institutional investor (RQFII) scheme has been instrumental in putting offshore RMB liquidity to work since its launch in 2011. But despite the recent widening of market access raising questions about the scheme’s rationale, it continues to appeal to international asset managers wanting access to China.
  • The UK Financial Conduct Authority’s criticisms of the “restrictive contractual clauses” in banking mandates has prompted a vigorous defence from the industry, citing corporate broking, acquisition finance, and advisory as areas where clients benefit from restrictions on which banks they choose.
  • Law firm Hogan Lovells has recruited a pair of experienced capital markets lawyers to bolster its corporate practice in Asia.
  • King & Wood Mallesons has expanded its team in Hong Kong with the recruitment of two new partners, one of them an IPO specialist, the law firm said in a statement.
  • A key measure of US market volatility has hit its lowest point for a year, suggesting traders are counting on the recent calm to continue, with no shocks or surprises.