News content
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The Hong Kong Exchanges and Clearing (HKEx) group has hired former BNP Paribas (BNPP) head of RMB Julien Martin to join its fixed income and currencies (FIC) group.
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The rapid growth in renminbi products and services in South Africa shows the country is well positioned to become Africa’s RMB hub. This is despite the growing competition from other countries on the continent, says Standard Bank.
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Construction firm Datem has filed for an up to Ps4.05bn ($87m) IPO, with the company eyeing a November listing on the Philippine Stock Exchange.
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WTI crude oil’s slide to below $40 last week sent Ecuador’s bonds plummeting as economists predicted more pain for the Andean nation.
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Swedish Export Credit Corporation had to brave turbulent conditions on Friday to wrap up a flurry of dollar benchmarks from public sector issuers this week.
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China Energy Engineering Corp is gearing up for a Hong Kong IPO, with the company filing a draft prospectus on Friday. But it comes as Asian equities followed a global sell-off and Chinese shares slumped 4.3%, and as bankers sound the alarm over primary deal flow.
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Tianjian state-owned Tianfang Hospitality Reit, which is looking to list in Singapore, is delaying its $200m-$250m IPO amid the current rocky market conditions and the deadly explosions in Tianjin port, said sources.
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The International Finance Corporation (IFC) is hoping to be at the forefront of China's planned reopening of its Panda bond market as well as its development of green bonds. The supranational has told GlobalRMB that it is preparing a Panda bond return as well as bringing a broader onshore issuance programme that would include green offerings.
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The governor of Bank Negara Malaysia (BNM), the country’s central bank, said on August 17 it was seeking an agreement with People’s Bank of China to become the fourteenth jurisdiction with a RMB qualified foreign institutional investor (RQFII) quota.
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In this round-up, Macau’s RMB trade settlement hits a new record, RMB deposits in Taiwan see a tiny drop, Bank of China’s international RMB usage index climbs again and CSRC publishes its updated list of new RQFII quota licences.
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Tata Power's subsidiary Khopoli Investments is making a quick return to the loan market, mandating six lenders to arrange a $300m refinancing.
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Samsung Bioepis, the pharmaceutical arm of Korea’s Samsung Group, is planning a highly-anticipated IPO on the Nasdaq in 2016, and has dished out mandates for the listing to four banks.