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  • Fortune Fountain Capital, a financial services firm, has hired loans banker Hei Man Leung from China Minsheng Banking Corp.
  • China’s peer-to-peer lenders are once again staring into the abyss, following a string of recent scandals and a new crackdown by regulators. As the noose tightens around the sector, IPO-hopefuls like Weidai should tread with caution.
  • Credit Suisse has rejigged the leadership of its private bank in Asia, making Francois Monnet and Benjamin Cavalli heads of the division for north and south Asia respectively.
  • China Chunlai Education Group has launched pre-deal investor education for its Hong Kong IPO, according to a source familiar with the matter.
  • Shell India subsidiary BG Asia Pacific Holdings is looking to raise at least Rp11.7bn ($169m) through a stake sale in Mahanagar Gas.
  • One year after selling its first Panda bond, China Everbright Water came back on August 15 to sell two tranches with identical structures but marketed one of them as a green bond. Investors showed little passion for the tag, however, with the green tranche pricing slightly wider than the other.
  • Jose Arnulfo “Wick” Veloso has resigned from his position as president and chief executive of HSBC Philippines.
  • The Federal Housing Finance Agency (FHFA) announced on Tuesday that the government-sponsored enterprises will end some funding for the single family rental (SFR) market as it believes larger investors can adequately participate without Fannie Mae and Freddie Mac's assistance.
  • Commercial Credit Group sold a $268m equipment-backed ABS on Tuesday in what has been a healthy sub-sector of the securitization market in 2018.
  • Amid a quiet summer lull in the pipeline, Credit Suisse and Nomura are marketing the latest fixed rate RMBS deal sponsored by Caliber Home Loans, a venture owned by two private equity funds belonging to Lone Star.
  • The UK and Italy are potential flashpoints in a European credit market where political fragmentation is the biggest internal risk, Standard & Poor’s warned on Tuesday. Continued low interest rates will be crucial to companies staying in good financial health.
  • Korea Water Resources (K-Water) has issued a Sfr200m five year Swiss franc bond, confirming South Korea as the biggest source of foreign bond issuance in the currency.