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GC Asia
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New bond trading methods emerge from pall of crisis
Unusual or less traditional ways of trading bonds — via electronic platforms and exchange-traded funds — look set to come out well from the recent market turmoil.
27 Mar 2020 -
China market round-up: Industrial profits slump, Trump and Xi talk, HKEX chief promises to keep markets open
In this round-up, Chinese industrial profits recorded the steepest drop in a decade, US president Donald Trump praised China’s understanding of Covid-19 and Hong Kong bourse’s Charles Li said closing the market is not the solution to stem sell-offs.
27 Mar 2020 -
China policy round-up: China bans foreigners but lifts Hubei lockdown, AMCs get more oversight, provinces roll out measures to boost consumption
In this round-up, China will block foreigners from entering the country starting Saturday, residents of Hubei are allowed to leave the province after two months of being under lockdown and the China Banking and Insurance Regulatory Commission is setting up a holding company to manage state-owned asset management companies.
27 Mar 2020 -
StanChart creates new securities services unit
Standard Chartered is forming a new financing and securities services unit that will combine securities services, which currently operates within transaction banking, with portfolio risk management in the financial markets business.
27 Mar 2020 -
Ex-HKEX IPO executive, consultant face bribery charges
A former joint head of the IPO vetting team in the Hong Kong Stock Exchange's listings department has been charged with bribery and misconduct while in office.
25 Mar 2020 -
Ex-Colombia finance minister warns of hard years for EM amid financing squeeze
Mauricio Cárdenas, Colombia’s finance minister in 2012-18, has told GlobalCapital that emerging market nations would struggle to raise the financing required to fund measures to treat the Covid-19 pandemic and consequent economic slump. “Difficult years are coming” for EM, warned the former official.
25 Mar 2020 -
You can't separate the dollar from the US government
US president Donald Trump looks unable to lead a global response to the health and economic crisis caused by the coronavirus pandemic, but the dollar is unchallenged as the global safe haven in times of crisis. This contradiction is destabilising.
24 Mar 2020 -
Banks kick off RMB interest rate options trading
A group of 23 banks and 12 securities houses completed 154 renminbi interest rate option (IRO) transactions worth Rmb12.8bn ($1.81bn) on Monday. The new derivatives product is viewed as a solid step for China’s interest rate reform.
24 Mar 2020 -
Dollar liquidity in question as central banks try to halt panic
A rush to dollars in recent days has caused dysfunctions in various corners of the financial markets. The US Federal Reserve has rushed to put out the flames, including with new measures on Monday.
23 Mar 2020 -
Ukraine beats path to IMF as pandemic hammers EM bonds
The pace of emerging markets borrowers’ requests for official institution funding, amid the shocking deterioration of their bond markets, is picking up pace. On Sunday, Ukraine's president Volodymyr Zelensky said that he had discussed using International Monetary Fund resources to fight the economic impact of Covid-19.
23 Mar 2020
