Asia Pacific

Shandong Ruyi Technology Group Co’s outstanding $345m bond, which is only two months from maturity, jumped by over 10 points in the secondary market last week. The move was a response to the company's attempts to improve its liquidity position, including through the announcement of a tie-up with a government-owned entity.

Chinese firm InnoCare Pharma is looking for permission to list in Hong Kong, having filed a draft IPO prospectus with the city’s stock exchange.

The World Bank is hoping to step up its activity as an intermediary in commodity hedging transactions, providing credit enhancements for its clients in their arrangements with insurers to protect them from external shocks

Central bankers from Sri Lanka and Indonesia tell GlobalMarkets why Asian countries are annoyed with the IMF for not ensuring that their countries’ voting shares in the fund match the size and characteristics of their economies and so leave them with less of a voice

India has become the latest emerging market to use its sovereign wealth fund to move into the infrastructure arena. Managing director Sujoy Bose tells GlobalMarkets that investors could make a return as high as 18% but investors still fret over bureaucracy

The head of Indonesia’s fiscal policy agency tells GlobalMarkets that his country is determined to hit its pledge to cut carbon emissions by 30% and called on policymakers to put a robust carbon tax back on the political agenda

The current system of globalisation with the United States at its centre looks set to crumble and be replaced by a new global system anchored around China, leading economists have told GlobalMarkets

The increasingly obvious threat of climate change is leading central banks into new territory, as they begin to analyse the risks it poses to the financial system. It is stretching them intellectually and posing new questions about how they interpret their mandates, and whether they can lead society or must travel at its pace.

Investors have hailed the new ethics code for banks, the UN Principles for Responsible Banking, as an important advance in making banks more sustainable. But they want to see the fine words lead to action — above all, real decarbonisation.

In this round-up, the phase-one trade deal between the US and China ran into problems, China relaxed regulations on foreign banks and insurers and the International Monetary Fund (IMF) warned slower global growth.

In this round-up, China’s third-quarter GDP growth fell to 6%, September’s CPI inflation jumped due to continued surge in pork price and money and credit growth both exceeded market expectations

India’s Ministry of Finance is making big efforts to revive the country’s stagnating economy, with measures to front-load infrastructure spending and boost consumption. But experts warn that it will take many more tough reforms to get India back to its heyday of strong growth.