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Lending by China’s banks came below market expectations, while the share of the non-bank sector in total lending has advanced

Fresh confusion about new tier two structures shows that the debate over the rules for new bank capital has gone on much too long. It’s time for policymakers to nail down the legislation.

Italian yields shot up after prime minister Mario Monti announced this weekend that he would be stepping down earlier than expected — and the spectre of ex-leader Silvio Berlusconi’s return spooked investors. But the Republic of Italy’s 2013 funding prospects won’t be decided at the country's ballot box. It’s the Kingdom of Spain’s actions that matter.

There has been an undoubted shift in the Asian capital raising landscape this year, as ECM and loans bankers have made way to their peers on bond desks. This will be far from a passing fad — and for those outside of the bond market, next year looks likely to be just as tough as 2012.

Each year ASIAMONEY awards the standout companies and executive in each major regional country for strong management. In Indonesia, Tiga Pilar Sejahtera Food has the recipe for success, Kalbe Farma is the cream of the crop, Unilever Indonesia keeps the consumer happy and Bank Mandiri’s Zulkifli Zaini looks to expansion.

Each year ASIAMONEY awards the standout companies and executive in each major regional country for strong management. In Japan, Nippon Ceramic defies the strong yen, Calbee keeps its crisp, Nidec keeps ahead of technology and Shigenobu Nagamori grows market share.

Over-conservative regulations are forcing banks in China to mask their true levels of credit exposure through WMPs and shadow markets in which default levels are likely to rise over the next year.

Top 3 Asia (ex Japan) Local Currency DCM Transactions - 2012 YTD

One of the factors behind London’s “good recession” is the sharp increase in wealth in emerging markets, according to one economist

The slow start between the direct conversion of the Japanese yen and Chinese renminbi offers opportunities for other currencies to come to the forefront next year, says the Australian bank.

Each year ASIAMONEY awards the standout companies and executive in each major regional country for strong management. In Hong Kong, Dorsett Hospitality International picks the Chinese wallet, Sa Sa International is looking good in retail, Hutchison Whampoa stands tall and Guy Look keeps the balance sheet pretty.

Each year ASIAMONEY awards the standout companies and executive in each major regional country for strong management. In India, Strides Acolab has the right medicine, Wockhardt’s vital signs improve, Larsen & Toubro boosts its profits and Aditya Puri keeps a lid on NPLs.