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Do you know your RQFII from your RQDII? Worried you should have got a QDII2 instead of a QDLP? The alphabet soup of Chinese investment schemes can be hard to digest but thankfully GlobalRMB is here to provide a quick breakdown.
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It’s becoming increasingly difficult to find positives in equity capital markets this year so far. Not since 1995 have so few deals been issued in the first 27 days of January, and this week an IPO collapsed. Hope for the few deals left in the market lies in deep discounting, writes Olivier Holmey.
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If my friends who work at international banks think their jobs are too demanding, they should have a look at some of the stunts those working at their Asian counterparts are expected to pull.
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Italian non-performing loan securitizations will now come with a government guarantee, after months of negotiations between the state and the European Commission resulted in a rather rosy outcome for the country’s banks this week.
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Another week, another dearth of primary issuance in the European corporate bond market.
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Panda bonds were thrust back into the limelight when the market was reopened by China in 2015 with many high profile issuers lining up to sell deals. But what are Panda bonds and why should you care? Here’s GlobalRMB’s quick guide to all you need to know.
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Established covered bond investors are often sceptical about conditional pass through deals. The structure allows the maturity of their investments to be extended, perhaps by decades. But they could be safer than long dated bullet deals.
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Markets are underpricing volatility, in stark contrast to 2015. As the underlying stock and bond markets gyrate, options markets show a strange tranquility. The market is better hedged than last year, but a flood of funds is suppressing fear signals.
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As Monte dei Paschi di Siena’s shares gyrated last week, losing up to 34% of their value, the bank received a high honour, for a second year running — top primary dealer for Italian sovereign bonds.
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The Chinese property sector has once again found itself in the headlines for the wrong reasons with Future Land Development Holdings saying on Friday that its chairman was being investigated by the authorities. While there was the inevitable bout of panic selling, the short time it took for things to stabilise shows a maturing market that is fast getting used to the complexities of the industry.
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GlobalCapital has launched its Equity Capital Markets Awards for 2015, to be presented at our first ECM Awards Dinner, in London on March 16. We invite you to vote in our poll.
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The loan market has undergone a changing of the guard with the departure of several loan market stalwarts — and loan market bodies the LMA and LMSF have some changes to boot.