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Xiaomi CEO: We’re in no rush to expand internationally

March 8, 2017

BEIJING – The Chinese smartphone company Xiaomi is in no rush to expand internationally and will expand into the overseas markets gradually, according to its Chairman and CEO, Lei Jun. "It takes time and resources to learn about and enter a new market due to different cultural, legal and business environments, and hasty expansion will cause into many problems," he said.

Chinese onshore bonds to join Citi Emerging Markets indices

March 8, 2017

HONG KONG – Citi Fixed Income Indices is to include Chinese onshore bonds in its emerging markets and regional government bond indices. Citi is also to expand its World Government Bond Index family with two new indices, the World Government Bond Index – Developed Markets (WGBI-DM) and the World Government Bond Index – Extended (WGBI-Extended), to complement the existing World Government Bond Index (WGBI), which will remain unchanged.

Chinese Premier Li Keqiang denounces Hong Kong independence movement

March 6, 2017

HONG KONG - Chinese Premier Li Keqiang has for the first time publicly denounced the notion of Hong Kong independence in his annual work report, warning in an addres to the annual National People’s Congress that the movement will “lead nowhere”. While Beijing’s firm rejection of such separatist sentiments is well-known, the mention of Hong Kong independence in the annual Government report was unprecedented.

Ding Xuedong, Chairman of China’s sovereign wealth fund, CIC, resigns

February 24, 2017

BEIJING – Caixin has reported that Ding Xuedong, Chairman and CEO of China’s sovereign wealth fund, China Investment Corp. (CIC), has stepped down, according to people with knowledge of the matter. It’s still not clear who will take his position at the US$810 billion CIC and what Ding’s future plans are, Caixin said.

HSBC appoints new CEOs to Australia, Singapore

February 23, 2017

SYDNEY --  Martin Tricaud has been appointed Chief Executive of HSBC Australia with effect
from April 3, succeeding Tony Cripps, who will become Chief Executive of HSBC Singapore on 3 April 2017. Cripps will continue as a Board member of HSBC Bank Australia. Tricaud has been President and Chief Executive of HSBC Korea since 2013, and prior to that was HSBC’s Global Head of Multinationals, Global Banking and Markets, based in London (ATI).