Wang, who joins from Citibank, will lead MUFG China’s non-Japanese client coverage teams for its corporate banking portfolio, comprising local and global corporates, Chinese SOEs and financial institutional clients.
China’s economy will not crash but property and local government debt challenges are undermining a country whose GDP is still growing at around 5% a year.
Net profit at Chinese commercial banks remained near flat in the fourth quarter of 2017 as net interest margin, a key profitability metric, was still compressed, China Banking Regulatory Commission data shows.
AllianceBernstein's Brad Gibson, CLP Holdings' Francis Ho and APG's Gregory Suen discussed investor appetite, greenwashing and taxonomies at FA's China Fixed Income Summit.
Bank of China has tapped the European bond market to finance steel projects in Hebei province, in a first of a kind issuance involving a financial institution.