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Corporate News

Goldman, Bank of America left off Ant IPO

NEW YORK: Goldman Sachs Group Inc and Bank of America Corp were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people familiar with the matter.

Markets

Global investors drive record inflows into Chinese bonds in July

SHANGHAI: Foreign investors made record net purchases of Chinese bonds traded through the country’s Bond Connect programme in July, boosted by record yield premiums over US debt.