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Asia

Bonds

  • TLAC takes shape as HK has second consultation

    Hong Kong has published its second consultation paper (CP2) on a resolution regime for financial institutions, as it readies itself for a new set of capital requirements – Total Loss Absorbing Capacity (TLAC). Market participants expect bond volumes to go up as banks prepare for the new regime, although for that to happen, the government will need to come up with answers to some tough questions, writes Rev Hui.

    • 29 Jan 2015

Equities

  • China inches closer to Reit market launch but doubts linger

    A long-stalled proposal to allow real estate investment trusts (Reits) in China re-emerged this week. The plan, slated for the first half of this year, is expected to help de-gear the balance sheets of Chinese homebuilders and tide them over a possible liquidity crunch. But as the plan has been on ice for a decade, questions abound as to its effectiveness — and whether it will find willing buyers and sellers, writes John Loh.

    • 29 Jan 2015

Loans

  • Loan gaffe won’t take sheen off Pelindo II

    Pelabuhan Indonesia II (Pelindo II) surprised loans bankers this week with its decision to limit a $1bn borrowing to just over half that amount, causing the cancellation of general syndication. This was just the latest twist for a loan that has been anything but straightforward, though the outcome is unlikely to hurt the borrower in the long run.

    • 29 Jan 2015

People News

RMB

  • Hope despite the obstacles: outlook bright for RMB in Korea, says KSD chairman

    It has been six months since South Korea formally became an offshore renminbi hub, with its own official clearing bank. The last year has seen a massive increase in RMB deposits, tripling to about Rmb120bn ($19bn), but Yoo Jaehoon, chairman and CEO of Korea Securities Depository, the country's leading custody and settlement services provider, tells GlobalRMB that the key issue for RMB development in the country remains the expansion of its use in the real economy.

    • 30 Jan 2015

Comment

  • Magnum IPO: did you feel lucky?

    As expected, it hasn’t all been plain sailing for Asian IPOs so far in 2015. Macro events, chiefly in Greece and the Middle East, have taken their toll on regional issuance, as have increasing worries about China’s property sector. Even the mighty Alibaba hasn’t been immune to the doom and gloom, its share price in free-fall over a regulatory enquiry, writes Philippe Espinasse.

    • 30 Jan 2015
  • The Yanks are coming! US issuers will muscle out Asian names in euros

    Asian investment grade bond issuers have made their presence felt in the euro market in recent years as they seek diversification. With the European Central Bank’s quantitative easing programme set to lower rates, now would seem the be the ideal opportunity for more Asian names to target eurozone investors. But with US large caps also eyeing euros, Asian credits are likely to get pushed aside.

    • 27 Jan 2015
  • CSRC margin crackdown is a shrewd move

    China’s ECM market had a tough start to the week, after measures by the regulator to clamp down on excessive margin lending by brokerages took their toll on stock markets, with equities plunging the most in years. But investors that fell victim to this volatility should take it in their stride. The China Securities Regulatory Commission’s stringent approach is smart — and bodes well for stronger markets in the longer term.

    • 20 Jan 2015
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More from Asia

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jan 2015
1 UBS 1,670.97 10 18.25%
2 Morgan Stanley 616.88 5 6.74%
3 Deutsche Bank 583.57 4 6.37%
4 Haitong Securities Ltd 476.64 5 5.20%
5 CITIC Securities 391.32 4 4.27%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jan 2015
1 Citi 3,725.01 11 0.00%
2 HSBC 3,562.12 14 0.00%
3 Deutsche Bank 2,872.48 13 0.00%
4 Standard Chartered Bank 2,272.92 8 0.00%
5 Goldman Sachs 2,036.35 7 0.00%

Asian polls & awards

  • Asiamoney Australia Awards 2014: Results Announced

    Asiamoney is pleased to announce the winners of the 2014 Australia Awards. After suggestions by bankers from global and domestic institutions, we weighed the most impressive deals and banks in the market last year. The results are listed below, and full write-ups of the winners will be published online and in print in late February.

  • Asiamoney Country Deals of the Year 2014: Results Announced

    Although the region witnessed the world's largest ever IPO in 2014, it was bond issues that dominated the roster of notable capital markets transactions in Asia ex-Japan. After considering a bumper selection of awards pitches from firms across the region, Asiamoney has picked its standout transactions across ECM, DCM and syndicated loans. Our thanks to all those firms that took the time to pitch. Full write-ups of each award will be published in the next Asiamoney supplement in late February.

  • Brokers Poll 2014: UBS rises to the top as China gets increasing focus

    Investors in Chinese stocks took a big hit in 2013, hurt by a volatile market that ended the year down around 7%. But things have recovered this year, and after some profitable tips from analysts at UBS, those investors decided the Swiss bank was the rightful winner of this year's Asiamoney Brokers Poll. Matthew Thomas reports.

  • Brokers Poll 2014: The top analysts in Asia

    Asia's equity market is crowded with analysts trying to impress clients with their unique views and brave calls. But few have the insight to maintain their appeal for long. The following winners of Asiamoney's 2014 Brokers Poll have proved that they have what it takes to impress their clients all year round.

  • Fixed Income Poll 2014: Ambitious ANZ dominates

    There has been a mixture of stability and surprises in Asiamoney’s largest ever Fixed Income Poll, as an enterprising Australian bank makes its mark in the region. Anthony Chan reports.