Latest sector analysis
The slowdown in sales and rising onshore yields will be two headwinds for Chinese property developers in 2018, industry experts told the Euromoney China Property and Consumption Investment Summit on December 6.
China Central Depository and Clearing (CCDC) published its biannual report on China’s asset backed securitization (ABS) market on August 8. It recommended regulators loosen up liquidity, provide incentives to attract more participants, and test the waters by opening an offshore ABS market. Here’s a quick guide to what CCDC said.
Philippine bank supervisors, like their counterparts elsewhere, face a complex and often thankless task. But unlike regulators in many other countries, they also face the risk of being taken to court and suspended from their jobs if banks decide to bite back. The problem is a longstanding one, but it is finally starting to be addressed, as Matthew Thomas reports.
DBS is just three years younger than Singapore, which celebrates its 50th anniversary this year. The bank's steady rise has mirrored that of the city-state, but chief executive Piyush Gupta is hoping it is now positioned to seize the opportunities of a fast-growing region better than its competitors. Mark Baker reports.
Many years after the Australian states of Victoria and South Australia privatised their electricity assets, New South Wales, Queensland and Western Australia are finally discussing similar moves. But the processes are fraught with political sensitivity and corporate machinations. Ben Power reports.
Economic historians looking back at the last few years will be sure to pay close attention to the interest rate environment, the changing banking landscape, and the gradual rise of the offshore renminbi — but they will also be forced to encounter the evidence of wild swings in commodities prices. It may come as a surprise, in this context, that many companies in Asia are still choosing to leave their commodities exposure unhedged, despite the ever-improved ability of their bankers to help them navigate the choppy waters of the global commodities markets. Asiamoney sat down with one of the leading commodities banks in Asia, as well as with two prominent executives with experience of the commodity hedging markets, to size up just how deep those options are at the moment, as well as to ask what changes still need to be made to convince more companies that hedging is the right step.
The European Securities and Markets Authority (ESMA) signed a memorandum of understanding (MoU) with the Australian Securities and Investments Commission (ASIC), which grants Australian authorities access to derivative contracts data from EU trade repositories (TRs) outside of their jurisdiction.
Bursa Malaysia Derivatives has launched enhanced five year bond futures, providing market participants with a tool to help manage risk in an environment governed by central bank interest rate policies.
Nine months after Japan’s Bank of Tokyo Mitsubishi UFJ acquired a 72% stake in Thailand’s Bank of Ayudhya, analysts predict a further shakeout amongst the country’s 16 commercial banks. How much further does consolidation of Thailand’s banking sector have to go? Ben Davies reports.
Former Commonwealth Bank of Australia chief executive David Murray has become the industry’s head inquisitor, spearheading a review into financial reform. His views could force the country’s ‘big four’ banks to hold a lot more capital. Ben Power reports.
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Latest news by market and league table performance
Panda Bonds Top Arrangers
|Rank||Arranger||Share % by Volume|
|1||China Merchants Securities Co||16.70|
|2||Industrial and Commercial Bank of China (ICBC)||14.38|
|4||Agricultural Bank of China (ABC)||9.08|
|5||China CITIC Bank Corp||8.17|
Bookrunners of Asia-Pac (ex-Japan) ECM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|5||China International Capital Corp Ltd||11,025.08||44||5.02%|
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|4||Bank of America Merrill Lynch||13,099.48||83||4.29%|
Asian polls & awards
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.
In the final article on our GlobalRMB awards, we talk about the key innovation of the year and highlight the individual that has made the greatest contribution to the development of China’s cross-border capital markets.
Securities services was one of the most competitive award categories GlobalRMB had to decide this year. Our awards criteria demanded the near-impossible from participating banks: to beat the competition in the fast-changing China access scheme, while at the same time demonstrating a broad client base and the ability to be at the cutting edge of innovation.
In GlobalRMB's Best Bank Awards for China DCM, Standard Chartered wins for ABS and CNH, HSBC takes home the G3 Bond House Award, and Bank of China gets kudos as the Best House for Panda bond issuers.
GlobalCapital Asia is pleased to invite pitches for our annual capital markets and investment banking awards, rewarding the most impressive transactions and investment banks of 2018.