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Halyk Bank will hand over its profitable pension fund to be absorbed into the state system in exchange for the purchase of state-owned BTA Bank

—Peter Duenas-Brckovich, co-head of global flow credit trading at Nomura in London, on the need to tighten up the succession language in the International Swaps and Derivatives Association’s CDS market definitions.

Christian Bittar, managing director and head of money market derivatives at Deutsche Bank in Singapore, joined BlueCrest Capital Management.

The Global Derivatives Survey is a comprehensive customer ranking of sellsiders in the credit, equity, fx, interest rate and inflation derivatives markets, across both flow and structured products.

Competition between offshore renminbi hubs can greatly benefit RMB internationalisation – but only if cities focus on products and regulation rather than the race to clear renminbi, say experts.

China and Hong Kong’s regulators must move quickly to make sure the dim sum bond market remains dynamic, according to asset managers.

Benign inflation data point to weak economic growth, raising fresh concerns over the reliability of official Chinese export statistics

Borrowers interested in issuing dim sum bonds find it challenging to obtain pricing that reflects their true creditworthiness, potentially deterring other well-rated credits to enter the market.

International dim sum issuers are keen to access the market again this year to create a curve, but have raised concerns about the limitations of the swap market.

The CNH bond market has been fairly subdued this year because costs are not as attractive as they once were, deterring corporate treasurers from issuing the instrument, but there are those who are still keen.

A majority of the factors holding back the dim sum market from going global would be solved by a multi-tenor sovereign deal, with Reg-S and 144a documentation, traded around the clock.

Asiamoney PLUS highlights the latest job changes from across the fixed income and financial markets.