China’s fifth-largest bank has started gauging investor demand for an IPO of its offshore securities brokerage and investment banking arm, BoCom International Holdings.
Two days of improving markets provide a window for the Shanghai Pudong Development Bank and China Export-Import Bank to jump into the international bond markets.
The Chinese investment bank takes on Diva Hon as an executive director in its ECM team following a reshuffle sparked by the departure of Lisa Lim earlier this year.
Banks from emerging economies are likely to experience hurdles when it comes to raising bank capital internationally, S&P says, but syndicate bankers think otherwise.