Asia Pacific

The use of collateral management and repo to facilitate renminbi liquidity between different markets is set to increase as global interest rates rise and currency swaps become more expensive, according to Denis Noonan, vice president of product management at Clearstream Banking.

Euronext is working with the Shenzhen Stock Exchange to create indices to be used in multi-currency ETFs targeting Chinese and European investors looking to invest in each other's market, Euronext's head of listings has told GlobalRMB.

Commonwealth Bank of Australia printed the second dollar bond of the week from an Aussie issuer on Thursday. Westpac’s success on Tuesday gave bankers the confidence to progress, but the trade was executed with caution.

China’s stock markets have gone from being the darling of investors to a ticking time bomb, with nearly $3.5tr in value vaporised in less than a month. Chinese officials have unleashed a torrent of desperate measures almost every day this past week to stem losses, but with little success. Some tough lessons will now have to be learnt, writes Rashmi Kumar.

The People’s Bank of China (PBoC) is set to unveil China's first green bond regulations as early as September, after circulating a draft to the market.

Alok Industries signed its $475m export performance bank guarantee-backed (EPBG) loan on June 30, with a total of eight banks committing to the transaction, following a four month syndication process.

Peoples Bank of China (PBoC) has begun circulating a draft of China’s first green bond regulations, with a final version expected to hit the market by the end of 2015.

Westpac’s $800m three year floating rate covered bond, issued on Tuesday, has piqued interest from other covered bond issuers outside Europe, who could be ready to launch deals at short notice.

The People’s Bank of China (PBoC) and the South African Reserve Bank (SARB) have signed a Memorandum of Understanding (MoU) for the clearing and settlement of renminbi in South Africa, the two central banks announced on July 7. The move makes South Africa the first offshore RMB hub in Africa.

Deutsche Bank's fifth Formosa bond has firmly established it as a frequent issuer in Taiwan's RMB market, with total issuance so far of Rmb4.5bn ($733m). The bank tells GlobalRMB that it sees the market becoming a more consistent funding venue with more regular issuers in the future.

Fonterra Co-operative Group, the New Zealand-based dairy company, has debuted in Taiwan’s RMB bond market, notching up a couple of landmarks in the process.

Hengtao Securities has entered the fray for a Hong Kong IPO, just as China’s domestic stock market endures its worst correction in more than two decades and shares of newly-listed Guolian Securities Co continue to slide for a second straight day.