Slowing loans, M&A and ECM hit banks' fees last year. Technology, exports and bonds are bright spots, while Hong Kong is increasingly being seen as a place to raise foreign capital. PBOC's governor Pan Gongsheng wants a proactive policy approach.
The Philippines is one of the fastest growing markets for renewable energy investment and the $115m of proceeds will be used towards hydro, wind and solar projects in the country.
The offshore tender of six-month bills will be launched on January 15 via the HKMA's Central Moneymarkets Unit and comes with the currency under pressure.
The Singapore-based private equity and M&A expert joins the law firm from Gibson, Dunn & Crutcher, while Xiaoxi Lin joins from Linklaters in Hong Kong.