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  • Hong Kong’s efforts to establish its position as a regional hub for technology companies are bearing fruit as IPO filings pile up. But the real measure of success will come after the summer, when the listings face a market saturated with new economy issuers.
  • TVS Logistics has attracted eight participants during the syndication of its latest dual-currency borrowing.
  • The National Development and Reform Commission (NDRC), China’s offshore bond regulator, has described media reports claiming it would ban bonds with maturities of under one-year as “groundless”.
  • Pinduoduo, one of China’s hottest internet start-ups, has filed for a $1bn IPO in the US, upping the ante in an e-commerce landscape dominated by Alibaba Group.
  • Asia’s G3 bond market has been defined by volatility this year, forcing bankers, investors and issuers alike to think on their feet during the first half of 2018. As banks fight to stay on top of the limited primary market activity, the region’s league tables have been disrupted.
  • Udhay Furtado has left Goldman Sachs after 12 years with the US bulge bracket firm to take up a new role at Citi.
  • Chong Hing Bank’s head of structured finance has resigned, according to a source close to the move.
  • Fresh from a successful Shanghai IPO in May, WuXi AppTec is pushing for a dual-listing in Hong Kong worth a possible $2bn.
  • Central Bank of India is planning to raise Rp80.0bn ($1.2bn) in new equity at a time when issuance from the country's finance sector has fallen sharply.
  • In partnership with MUFG Union Bank, the American subsidiary of Japanese giant bank Mitsubishi Financial Group, Principal Real Estate Investors has announced the debut of MUFG Principal Commercial Capital, a lending platform focused on originating loans and securitizing them in CMBS deals.
  • On top of a busy primary market CLO pipeline, a wave of expensively priced deals sold in 2016 are expected to be reset soon, but some analysts are confident the supply can be absorbed without too much disruption to spread levels.
  • The International Swaps and Derivatives Association on Monday said that the uptake of clearing of interest rate derivatives in the US was partially a result of the “powerful incentive to clear” thanks to the benefits of multilateral netting.