China plans OTC equities market to nurture small firms

Rahul Badhwar will start as senior country officer in July in Mumbai.

Bhavin Shukla will become managing director, head of infrastructure investment banking, Japan Asia North and Australia & Asia South, at the US bank.

Kulkarni is set to join Citi in December in Singapore to become co-head, Citi investment banking for Japan, Asia North, Australia, and Asia South, serving alongside Jan Metzger.

South Korea's president has lifted martial law after parliament voted to defy the shock move on Tuesday; Bank of Korea held an emergency meeting on December 4.

Citi Commercial Bank in India has appointed Kannan as head of digital, technology, communication, business & professional services and industrials; he will join in December and has worked at JP Morgan for over 15 years.

This move makes Alibaba eligible for the SAR’s Stock Connect programmes, which will help the firm tap a larger group of Chinese investors; however, rival PDD Holdings saw its shares drop sharply on the Nasdaq this week, and JD.com has unveiled a $5bn share buyback plan.