Asia Pacific

Chinese regulators have played hardball this year on topics ranging from money-market liquidity to bail-outs to export invoicing. After six months of tough lessons, market participants now understand that a new economic regime is in order.

The auto company believes that investor demand in China would support an unsecured panda bond or an asset-backed security, and is waiting for regulators to finalise details before issuing.

In this roundup of offshore renminbi news, Hong Kong’s CNH deposits and trade settlement rise in May, European cities vie for offshore renminbi power, and HSBC hires a cross-border renminbi head.

Russia’s DeltaCredit Bank has opened books on a Rb5bn ($151m) five year covered bond and is aiming to close the deal by Friday, said bankers on the deal.

In this round of recent regulatory news, China approves two foreign banks to sell domestic mutual funds, India softens rules on company share buybacks, Taiwan waives credit rating requirements for companies selling renminbi bonds and Vietnam shifts bond clearing responsibilities to its central bank.

China's liquidity squeeze has rattled financial markets. Despite PBOC reassurance, some analysts fear that a credit burst is on the cards

The swap line between the People’s Bank of China and the Bank of England is mostly symbolic, but fits well into London’s plan to become the renminbi centre of Europe, says the City of London.

China and other big emerging economies are slowing down; this will hit some developed markets more than others

The issue of offering small companies in emerging markets access to finance is a thorny one. But well-executed SME exchanges could be the answer

The Chinese central bank's pledge to provide interbank market liquidity is pumping confidence back into the financial markets, alleviating concern that banks could face a credit crunch at the expense of teaching them the need to curb off-balance sheet lending.