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The UK’s Brexit secretary’s admission on Monday night that the government will not cap immigration after the country leaves the European Union — and that immigration could rise or fall after Brexit — may well be the first bit of good news on London’s future as Europe’s main financial centre since the referendum last June.

Guotai Junan Securities Co’s IPO in Hong Kong is sending all the right messages, but the most important one may be its smaller reliance on cornerstone investors. It has placed just under 30% of the HK$16.5bn ($2.1bn) float to six funds — a move that may well mark a turning point for oversized cornerstone allocations in the city.

The daftness of Deutsche’s distinction between "variable compensation" and "retention awards" was plain for all to see, though a good few hundred pages into the bank’s annual report. But, silly optics aside, it ought to help the bank’s recovery.

People’s Bank of China (PBoC) governor claims the end of quantitative easing is near, transaction volume in Chinese foreign exchange market was close to Rmb20tr ($2.9tr) in the first two months of 2017, and Hong Kong Stock Exchange (HKEX) plans to launch five-year Chinese treasury futures.

This week's GC BondMarker voters had only one benchmark to rate, but World Bank's $4bn three year would likely have shone in any company.

This week, the head of the state administration of foreign exchange (Safe) criticised Chinese companies’ overseas acquisition choices, 13 countries joined Asian Infrastructure Investment Bank (AIIB) and ICBC Moscow started offering RMB clearing services.

You know who won, now find out why. GlobalCapital Asia and Asiamoney present the extended results of our 2016 China Deals and Investment Bank of the Year awards, recognising achievement both on and offshore.

GlobalCapital Asia and Asiamoney present the extended results for our 2016 Best Country Deals. Discover why these bond, equity and loan transactions delivered outstanding outcomes for issuers and investors.

The names have been announced, now find out why they stood out from the crowd. GlobalCapital Asia and Asiamoney present the extended results for our 2016 Australia Deals and Investment Bank of the Year awards, recognising achievement in equities, bonds, loans and investment banking.

Wall Street workers hoping for a regulatory sea change under president Donald Trump need to adjust their expectations, as empty posts at all levels of government are set to hinder lasting reform.

Investment banking is rich in situations that seem ridiculous. The existence of passive bookrunners — banks paid fees for doing no work — is a prime example, but it’s the least-bad compromise in a difficult balancing act.

Trading a currency on screen, day in and day out, is not the same as understanding it in real life, as one forex banker just found out to his cost in Tokyo.