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GC Asia
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China policy and markets round-up: Beijing sanctions former Trump officials, PBoC tightens grip on non-bank payment market, profit growth slows at central SOEs
In this round-up, China imposes sanctions on 28 US government officials who were part of the Donald Trump administration, the central bank increases oversight of non-bank payment firms, and profit growth at central government-owned enterprises suffers from the Covid-19 pandemic.
22 Jan 2021 -
JPM names CEO for China securities JV
JP Morgan has made new appointments to its China-related businesses, including picking the chief executive for its majority-owned onshore securities joint venture.
20 Jan 2021 -
Six brokerages win top interbank underwriting licence
For the first time in eight years, China has handed out new lead underwriting licences to securities houses. While the move will help ambitious firms grab a slice of China’s Rmb102tr ($15.7tr) interbank bond market, they are unlikely to pose a big threat to the competition just yet. Addison Gong reports.
19 Jan 2021 -
Afme proposes recapping with equity-like
Many EU companies could do with capital beyond debt, according to the Association for Financial Markets in Europe (Afme). The trade body, in a report it produced alongside PwC, suggests encouraging the use of equity-adjacent products to fill balance sheet gaps from the coronavirus crisis.
19 Jan 2021 -
Euronext picks Attia for primary markets
Anthony Attia has been appointed as global head of primary markets and post trade at Euronext, where he will supervise the market infrastructure firm's equity, debt and fund listing business and will work on the integration of Borsa Italiana Group.
18 Jan 2021 -
The week in review: China’s GDP grows 2.3% in 2020, regulator expands market bans on securities-related violations, Ant works on business overhaul timetable
In this round-up, China’s coronavirus-hit economy grows 2.3% year-on-year in 2020, the securities regulator plans to introduce more bans on those who break rules in the onshore capital markets, and the vice central bank governor says Ant Group will give a timetable for the shakeup of its businesses.
18 Jan 2021 -
China policy and markets round-up: Xiaomi, Cnooc added to US blacklists, Beijing launches grading system for consumer finance companies, insurance asset managers
In this round-up, the US adds Chinese technology giant Xiaomi Corp and oil major Cnooc to its blacklists, and Beijing announces measures to monitor consumer finance companies and insurance asset managers.
15 Jan 2021 -
MEPs vote through harmonised NPL secondary market
The European Parliament's Committee on Economic and Monetary Affairs (ECON) has voted through regulation to harmonise the secondary market for NPLs across Europe, pushing through a key stage of its Action Plan aimed at rebuilding the European economy post-pandemic.
14 Jan 2021 -
People and markets news in brief: January 14, 2021
SGX hires ING banker for sustainability — Granger returns to UBS — Chang to exit Mizuho – KKR closes infra fund
14 Jan 2021 -
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CLO managers take Dutch tax gamble
It’s been almost a year since a Dutch tax ruling sent CLO managers scurrying to Ireland to avoid a VAT charge. But with the changes coming into action in 2021, some CLO managers are leaving their vehicles in the Netherlands and taking their chances on a ruling from the supreme court.
12 Jan 2021
