Taipan
The GlobalCapital Asia View
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Capital markets need an Extinction Rebellion
Sustainable finance is bubbling with exciting new initiatives. But making people feel good is not enough. Activity needs to produce results, and so far there is more noise than movement. The tone is far too sedate — it needs some hard core activism to break the torpor.
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Sellers should come first in China's struggling CDR market
China has announced a series of tax incentives to help boost demand for the non-existent Chinese Depository Receipt (CDR) market. But the authorities have it backwards, investors are available, finding a willing issuer is the problem.
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Panda diplomacy: extinction threatens if deals are gestures
China has in the past used panda bears for political gestures, loaning the rare creatures to countries with which it wants to forge ties. The bond market named after them looks similarly endangered, while deals priced there are also nothing more than international relations votives.
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Marriages and acquisitions in modern finance
I was young and handsome when I married Tai Tai. I’m still handsome, she says, but time has curdled my youth to wisdom (and wealth).
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Rucking at the Hong Kong Sevens
The debauchery of the Hong Kong Sevens rugby tournament is legendary. Every year friends visit for a long weekend of carousing and occasionally someone watches some rugby.
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Not all exposure is good exposure
We can all find ourselves in embarrassing situations, like that time Donald Trump greeted cameras with a string of loo roll stuck to the bottom of his shoe. I’m usually just happy not to be the victim.
Clawback
Former ECM banker Philippe Espinasse dissects Asia's equity capital markets.
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Flying high in the year of the pig
In his latest Clawback column, Philippe Espinasse takes a look at the Hong Kong stock exchange’s new three year plan and its desire to be a global listing hub.
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Stabilisation profits: sharing is caring
Clawback columnist Philippe Espinasse turns his attention to one of the ECM world’s best-guarded secrets: the profits banks can make from stabilisation.
Southpaw
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Hot under the collar: banks make big calls in strategic equity
A surge in shareholder activism is providing banks with a lucrative new source of revenue, but they have to tread carefully or risk losing treasured corporate relationships, writes David Rothnie.
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Nomura’s IB ‘restart’ risks repeating history
Nomura’s growth plan in its latest restructuring depends on sweeping away regional fiefdoms while finding greater consistency. History suggests this could be a tall order, writes David Rothnie.
More from Asia
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Bank Profiles
Latest news by market and league table performance
Panda Bonds Top Arrangers
| Rank | Arranger | Share % by Volume |
|---|---|---|
|
||
| 1 | China Merchants Securities Co | 26.40 |
| 2 | Industrial and Commercial Bank of China (ICBC) | 20.00 |
| 3 | China Securities | 13.33 |
| 4 | Agricultural Bank of China (ABC) | 12.00 |
| 5 | Bank of China (BOC) | 11.33 |
Bookrunners of Asia-Pac (ex-Japan) ECM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | CITIC Securities | 6,126.98 | 28 | 9.16% |
| 2 | Goldman Sachs | 5,830.12 | 20 | 8.72% |
| 3 | Morgan Stanley | 4,329.51 | 27 | 6.48% |
| 4 | China International Capital Corp Ltd | 3,921.06 | 17 | 5.86% |
| 5 | UBS | 3,727.37 | 21 | 5.58% |
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | HSBC | 12,570.23 | 112 | 8.45% |
| 2 | JPMorgan | 9,000.86 | 54 | 6.05% |
| 3 | Citi | 8,900.47 | 66 | 5.98% |
| 4 | Credit Suisse | 5,860.46 | 43 | 3.94% |
| 5 | Standard Chartered Bank | 5,747.27 | 53 | 3.86% |
Asian polls & awards
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GlobalCapital Asia capital markets awards 2018: Investment banks
In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out the Best Asian Investment Bank and the Best Investment Bank in the region for 2018.
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GlobalCapital Asia capital markets awards 2018: Bonds
In part three of our results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best Local Currency Bond House, Best High Yield Bond House and the debut winner of the Best House for SRI Financing.
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GlobalCapital Asia capital markets awards 2018: Equities
In part two of our results announcements, we reveal the winning equity deals and banks, including the Best Follow-on/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.
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GlobalCapital Asia capital markets awards 2018: Loans
GlobalCapital Asia has spent the last two months talking to banks and their clients in a bid to determine the most impressive capital markets transactions and advisers across Asia ex-Japan in 2018. We are pleased to begin our awards announcements in the loan market.
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GlobalRMB awards: Most impressive issuers, best law firm
In this third part of the GlobalRMB awards, we present our reasons for choosing the best issuers in the FIG, corporate and SSA categories — and praise the strong performance of one well-known foreign law firm.
