Latest country analysis
The visit of president Xi Jinping to the UK this week has stirred much debate about the degree of kowtowing by British politicians and royals to the Chinese leader. But politics aside, the glut of new measures and transactions that accompanied the visit means the London RMB hub advanced in leaps and bounds.
Funding the plethora of infrastructure projects needed to hit the government's targets over the next five years is going to require a number of funding sources, from the government itself to multilateral institutions to bank lenders. But no-one doubts that the bond market is going to play a role. Asiamoney sat down with high-level representatives from all sides of the market to find out exactly how big that role can be.
Selecting and weighting stocks according to their management and governance quality has been an effective hedge against stock losses, especially in bear markets, writes William Cox of Management & Excellence, which created the methodology for the M&E BDO Asiamoney Hong Kong Sustainable Stars Index.
For the second part of Asiamoney's Indonesia project finance roundtable, Ray Tay of Moody's chaired a discussion on the potential for PPPs and the best way to attract the private sector.
Thailand's bond market still has a long way to grow to reach its potential, but in the diversity of credits and the availability of high yield borrowers, it has already achieved much that its peers in the ASEAN region are still dreaming about. Asiamoney sat down with a panel of high-level market participants to discuss Thailand's growing domestic debt market.
Thailand has a lot to offer foreign issuers hoping to find funding opportunities in the offshore markets, but tougher regulations for foreign names and an illiquid swap market can put some issuers off. Perhaps not for long. Asiamoney talks to a group of leading market participants about the opportunities for foreign and domestic issuers in the Thai baht bond market.
The stated aim of the China-backed Asian Infrastructure Investment Bank (AIIB), officially launched in June 2015, is to respond to a need for massive spending across Asia. But its creation has caused political controversy, with supporters arguing it shows up previous iniquities while opponents fear it will be a mere tool for China's projection of power. Peter McGill reports.
Indonesia is one of the largest emerging economies in the world. It should be unsurprising that the country has a huge infrastructure spending plan to meet over the next five years. Asiamoney sits down with a panel of senior market participants to discuss the best source of infrastructure funding over the coming years, and how that funding should be split between the government and the private sector.
Indonesia has put a firmer focus on the sukuk market over the last few years, and now plans to raise almost a quarter of its funding from sukuk investors. But although the government has done an admirable job flying the flag for Islamic bond issuance, the country's corporations have yet to follow suit in a meaningful way, reports Matthew Thomas.
The rapid growth in renminbi products and services in South Africa shows the country is well positioned to become Africa’s RMB hub. This is despite the growing competition from other countries on the continent, says Standard Bank.
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Latest news by market and league table performance
Panda Bonds Top Arrangers
|Rank||Arranger||Share % by Volume|
|1||Bank of China (BOC)||21.85|
|2||China Merchants Securities Co||14.67|
|3||Industrial and Commercial Bank of China (ICBC)||14.44|
|4||Agricultural Bank of China (ABC)||8.89|
Bookrunners of Asia-Pac (ex-Japan) ECM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|4||China International Capital Corp Ltd||6,923.83||42||5.73%|
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|4||Standard Chartered Bank||10,812.90||108||4.24%|
|5||Bank of America Merrill Lynch||9,701.88||75||3.81%|
Asian polls & awards
In response to requests from market participants, GlobalCapital has extended the closing date of its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants can now vote until July 26.
GlobalCapital has launched its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants are invited to participate.
GlobalCapital is conducting a global research survey on the fast-changing markets for sustainable financing and investing. It will combine the views of issuers and investors to give a nuanced picture of how this trend is changing capital markets for both groups.
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.
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.