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GC Asia
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The week in review: Xi explains GDP growth rationale, regulators offer details on stimulus package, China’s foreign minister issues warning to the US
In this round-up, China’s top government officials, including president Xi Jinping, discuss key economic targets and a fiscal stimulus package, and foreign minister Wang Yi warns the US against a ‘new cold war’.
06.30 AM -
Crisis Talk — with Jingdong Hua of the World Bank
Jingdong Hua has seen his fair share of crises. In Africa when the Rwandan genocide happened, in the Philippines when the Asian tsunami hit, in New York City when the twin towers fell on 9/11, he now finds himself in Washington, DC at one of the key institutions the world is desperately looking to to lead it out of the coronavirus crisis.
22 May 2020 -
Keeping Tabs — from the Franco-German to the frankly outrageous
There is a huge amount of information to take in at the best of times in the capital markets. During a crisis, it can be overwhelming. So, each week, Keeping Tabs brings you the very best of what we in the GlobalCapital newsroom have found most useful, interesting and informative from around the web.
22 May 2020 -
China markets round-up: PBoC keeps May LPR steady, stock exchanges welcome short-term bonds, Fidelity to enter mutual fund market
In this round-up, China’s central bank leaves the benchmark loan prime rate (LPR) unchanged for May, the stock exchanges of Shanghai and Shenzhen will allow companies to sell bonds with maturities under one year, and fund manager Fidelity International is looking to break into the onshore mutual fund industry.
22 May 2020 -
Capital markets digest Hong Kong ‘death knell’
Hong Kong’s equity markets took a hit on Friday and sentiment soured among bond investors over news that China is considering enacting the national security law in Hong Kong. Bankers have described the possible impact as everything from a “death knell” to a “flash point” for the special administrative region’s markets.
22 May 2020 -
Large, crowded offices: going, going, gone
Safety measures to respond to the coronavirus threat are forcing a rethink of office space at financial firms. And in the long-term, banks are set to reconsider their physical footprint and how much work can be carried out remotely, according to managers and experts.
21 May 2020 -
Fiscal bill for Covid-19 measures hits $9tr, says IMF
The amount of money that governments around the world have pumped into their economies to help businesses and households hit by the coronavirus pandemic has soared by more than $1tr in the last month alone, writes Phil Thornton.
21 May 2020 -
Lenders old and new scramble for 'digital first' in era of Covid-19
The capital markets have been working to transition operations to a digital format for years, but bank incumbents have been reluctant to make a wholesale shift, largely because there was no urgent need to do so. Coronavirus has changed that, and banks are accelerating plans to update legacy systems, muscling in on territory once held firmly by fintechs.
21 May 2020 -
New UK insolvency law puts secured creditors in the firing line, Travelodge to be first test
The new UK insolvency law, introduced into the British parliament on Wednesday, will allow unconsenting creditor classes, including secured creditors, to be crammed down during a restructuring. This could mean bondholders and banks, rather than landlords, take more of the pain in the coming wave of corporate distress. Hotel chain Travelodge is likely to be one of the first major companies to use the new rules.
21 May 2020 -
Hang Seng Index opens door to WVR stocks
Hong Kong’s benchmark Hang Seng Index made a historic change this week, allowing companies with weighted voting rights (WVRs) and secondary-listed shares on to the index.
21 May 2020
