Asia Pacific

Asiamoney is pleased to present its choices for Asia’s Best Managed Companies in 2016. In a year marked by political and economic upheaval, the region’s best firms and executives impressed on through a combination of factors including financial performance, innovation and strategic execution.

Asia’s brokerages have needed to stay nimble in the face of volatile markets and changing regulation that has tested their industry. HSBC and CLSA are well placed to meet the challenge after coming out top in the Asiamoney Brokers Poll. Peter McGill reports.

Analysts in Asia are used to dealing with dynamic and unpredictable markets but the events of this year provided a real test of mettle. Against a backdrop of global political upheaval and worsening economic outlook at home, the winners of Asiamoney’s 2016 Brokers Poll have proved they have what it takes to impress their clients.

It has been another testing year for banks in the Middle East. A strengthening dollar abroad, pallid economic growth at home and political instability still flaring around the region have hampered expansion plans and put a squeeze on profits. But some banks have weathered this storm well and have proven once again how resilient the Middle Eastern banking market really is. To recognise the outstanding performances of these institutions, Asiamoney is pleased to announce the winners of our awards for best banks in the Middle East 2016.

Tata International Singapore has mandated one bank to supply a $110m loan, which will be used to make payments to bondholders.

BlackRock has been awarded the first Renminbi Qualified Institutional Investor (RQFII) licence in the US this week providing further momentum to America's push in RMB internationalisation.

Shandong Ruyi Technology Group issued its debut international bond on Tuesday, continuing the trickle of year end issuance from China ahead of the expiration of regulatory approvals.

Tata Sons has forked out Rp24.3bn ($359.8m) for a block of shares in Tata Motors through a reverse bookbuild process, the first of its kind in India.

Bank of Communications Financial Leasing opened a new source of funding on Monday with a $300m securitization of loans backed by aircraft assets. Not only was this one of the few internationally marketed structured finance transactions out of Asia, it also marked the return of a rare credit support structure last seen publicly in 2014.

LR Capital Group made its international bond debut on Tuesday with a $150m deal. The transaction was announced with sufficient anchor orders, thanks to an extensive marketing effort by the leads.

China Petroleum & Chemical Corp, the state-owned oil refiner known as Sinopec, is revisiting plans for a Hong Kong IPO of its retail marketing unit, said bankers close to the matter.

Russia is planning to launch its first renminbi denominated bond on the Moscow Exchange in early 2017.