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Emerging Markets

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  • South Korea’s financial regulator is planning a series of capital market reforms to loosen its grip on the IPO process, giving a much-needed boost to small and medium-sized companies looking to raise equity. Jonathan Breen reports.
  • State-owned mining company Indonesia Asahan Aluminium (Inalum) closed a $4bn bond this week, letting loans bankers off the hook from a planned bridge facility. Addison Gong reports.
  • Barclays’ co-head of global debt capital markets and risk solutions group has had his job put at risk by the bank.
  • Hong Kong Exchanges and Clearing (HKEX) has partnered with Digital Asset to develop a post-trade settlement and allocation system based on blockchain technology. It will cover northbound trading on Stock Connect.
  • Zhejiang Geely Holding Group Co raised $250m from an opportunistic deal on Wednesday, marking the first time the Geely parent company has sold a dollar bond.
  • The People's Bank of China's Rmb20bn ($2.9bn) debut bill auction in Hong Kong showed investors are increasing their yield demands in the offshore renminbi market.