The Hong Kong Mercantile Exchange, China’s international commodities marketplace, has hired Li Wen Long as executive director, business development, China.
Wind turbine manufacturer Xinjiang Goldwind Science & Technology has entered into an agreement with Industrial and Commercial Bank of China for a $1.57 billion credit facility.
Industrial and Commercial Bank of China has hired investment management and investment services firm Bank of New York Mellon Corp. as global custodian for a new qualified domestic institutional investors fund in China.
Construction company Saudi Oger is seeking to secure a $800 million senior secured term loan facility and a $1.06 billion advance payment guarantee facility.
The China Securities Regulatory Commission has revised rules to allow more companies, including locally incorporated foreign banks, to sell mutual funds in China from Oct. 1, 2011.
