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The stock market of the world’s second largest economy is in crisis. China’s A-shares have suffered their biggest three-week drop in a decade, wiping more than $3tr off the market.

I never fail to be amused by stories from friends who jump ship to the buyside and end up having a miserable time.

Standard & Poor’s told the market this week that global sukuk volumes have stalled with the absence of Malaysia’s central bank. But the real story behind the "stall" is a surge in international benchmark volumes, which will make sukuk the global asset class debt bankers are hoping for.

Investors have been complaining about a lack of harmonisation across bank capital products for years. But with new loss-absorbency rules putting it more at risk than ever, they appear to have fallen silent.

For all China’s talk of cracking down on investors manipulating the market, it seems to have turned a blind eye to the fact that it is one of the biggest culprits when it comes to market interference. The regulator’s frantic move over the weekend to stabilise stock markets looks like panic and has caused more harm than good.

Resolving a bank that’s about to fall over is all about forcing losses on bondholders and protecting essential functions. Sovereign resolution seems to be about the opposite.

Never let it be said that such a serious organisation as the European Stability Mechanism would take an opportunity to include some cheeky subtext in one of its press releases, but Blog couldn’t help but feel that was exactly what it was doing as the clock ticked down to the make-or-break Greek referendum on Sunday.

Indonesia has long been a source of both excitement and dashed hopes for debt bankers and bond investors. The sovereign is highly-regarded in the international bond market, and Indonesian corporations are a strong source of dollar bond supply across the credit curve. But the country's domestic debt market is still small, and although foreign investors have proven hungry for rupiah exposure in the past, the opportunities have not been large enough for banks or corporations inside the country. There are signs, however, that investors in both markets, inside and outside the country, may have some exciting times to come in the next few years. The Islamic bond market, although still nascent, is an obvious source of growth for the future. The country's huge infrastructure need will create hurdles, but it will also create rich opportunities for those able to overcome them. These twin sources of future growth dominate conversation among bankers, issuers and investors in the country at the moment. It is little surprise they did the same when Asiamoney sat down with some of the most prominent figures in Indonesia's capital markets for a discussion of the issues impacting the country's investor base now — and how high those investors' hopes are for the future.

Indonesia's debt issuers are spoiled for choice in the international markets. Many of these companies have tapped the dollar bond market already. There are also opportunities in euros, offshore renminbi, Singapore dollars, and other Asian local currency markets. But in the domestic bond market, they are still coming up against a reasonably limited investor base, as well as strong competition from bank lenders. They have been able to pick-and-choose the best markets for their funding needs so far, but the country's immense infrastructure funding needs means that all investors and lenders should be asked to play a role in the future. Asiamoney sat down with a panel of leading market participants in Jakarta to discuss exactly how issuers are going to help fund the anticipated boom in infrastructure spending in the country, and what hurdles they need to overcome before the eye-popping opportunities in the market can be realised.

Bankers will not admit it, but the public euro bond markets are de facto shut. Barring a miracle in Greece, they are expected to remain so until after Labor Day in early September.

Before the days of miniaturised electronics, coal miners would use a canary in a cage as an early warning system. If a tunnel was filling with carbon monoxide, the bird would die before the miners, leaving them time to get out.

The Greek Prime Minister’s decision to provide voters with an opportunity to reject the country’s bailout conditions in a referendum is an unusual move, but not without precedent.