The GlobalCapital Asia View
The Panda bond market is having its best run of the year in terms of issuance volume and number of deals sealed. But a closer look at the market shows a distinct lack of long-term investors — a real risk at the heart of the Chinese financial system.
The Indian government has given itself another year to meet free float requirements on listed state-owned firms, despite having had since 2014 to wind down its positions. The move illustrates a lax attitude in both the public and private sectors around liquidity and public shareholding levels — an issue that must be remedied.
China made a clear step towards creating a financial super-regulator last week, when it created a new oversight commission within the central bank. The mega-merger of China’s many competing regulators is a good idea – but it is also fraught with risks.
Weekends are when we all get a chance to let loose. Dinner parties, bleary-eyed catch-ups, long Sunday lunches with fellow old hands. But the younger generation appear to be taking a rather more sedate approach to their time off work.
The week started as they all do, with promises to exercise, to live healthily, to consume at least one vegetable that isn’t deep-fried. But although I awoke Monday with the will of Apollo, I soon found myself overwhelmed by Bacchus.
As the mythical summer lull approaches the Asian market, bankers are naturally planning their getaways. But for a lucky few, workdays can often look like holidays in all but name.
Former ECM banker Philippe Espinasse dissects Asia's equity capital markets.
Something quite extraordinary has just been happening in Singapore. For the first time in several years, investors in the city-state have been able to punt on a local, multi-billion-dollar IPO, writes Philippe Espinasse in the latest Clawback.
Just as the country’s prime minister, Nguyen Xuan Phuc, met with Donald Trump on a US tour, Vietnam’s equity capital markets were repeatedly in the news over the last few weeks, with a flurry of IPOs and new listings, heralding that issuers there may finally be coming of age, writes columnist Philippe Espinasse.
Goldman’s second quarter FICC fail has raised questions over the future of its CEO, but it’s hard to imagine Lloyd Blankfein walking away just yet, writes David Rothnie.
The bank wants to grow its franchise, but may have to take its M&A joint venture with Case a step further to achieve its goals, writes David Rothnie.
More from Asia
- Hungary eyes return to Panda bonds: DMO head
- Hungary seals Rmb1bn panda near tight end
- Updated: Hungary reveals guidance for Panda debut
- British Columbia, Hungary line up Pandas
- Investors snap up rare CDB Leasing dollar bonds
- StanChart adds to Asia DCM syndicate team
- IBK keeps debut AT1 small despite investor enthusiasm
- CDB Leasing, Lionbridge out for bonds as Greenland prices tap
- EIB sets up green bond 'Rosetta Stone'
- G20 leaders’ historic chance to advance climate risk management
- 100 CEOs promise real climate risk disclosure
- GBP set new Social Bond Principles, guide brown issuers
- SFC turns down AMTD Strategic Capital’s listing plans
- HK banks shake up ECM senior ranks
- Shanghai Port sells $1bn PSBC exchangeable
- Beijing Enterprises plans HK$1.3bn open offer
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Panda Bonds Top Arrangers
|Rank||Arranger||Share % by Volume|
|2||China CITIC Bank Corp||12.99|
|3||Bank of China (BOC)||12.18|
|5||China Merchants Bank Co||10.55|
Bookrunners of Asia-Pac (ex-Japan) ECM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||China International Capital Corp Ltd||7,717.05||36||5.63%|
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|4||Standard Chartered Bank||11,923.35||86||4.71%|
Asian polls & awards
Every year, our sister publication Asiamoney carries out an Offshore RMB Poll. As part of that process, the magazine asks the market for its thoughts on important renminbi topics. In this third year, we received around 2,300 valid responses, up 3% on a year ago. The ten questions included a new one on the inclusion of onshore RMB assets in global indices. Here we present the answers to the final five questions.
Every year, our sister publication Asiamoney carries out an Offshore RMB Poll. As part of that process, the magazine asks the market for its thoughts on important renminbi topics. In this third year, we received around 2,300 valid responses, up 3% on a year ago. The ten questions included a new one on the inclusion of onshore RMB assets in global indices. Here we present the answers to the first five questions.
You know who won, now find out why. GlobalCapital Asia and Asiamoney present the extended results of our 2016 China Deals and Investment Bank of the Year awards, recognising achievement both on and offshore.
GlobalCapital Asia and Asiamoney present the extended results for our 2016 Best Country Deals. Discover why these bond, equity and loan transactions delivered outstanding outcomes for issuers and investors.
The names have been announced, now find out why they stood out from the crowd. GlobalCapital Asia and Asiamoney present the extended results for our 2016 Australia Deals and Investment Bank of the Year awards, recognising achievement in equities, bonds, loans and investment banking.