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GC Asia
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China markets round-up: Global investors dump stocks on virus fears, Hong Kong set for record budget deficit, outbound investment dips
In this round-up, the sell-off in equities continues to worsen as Covid-19 spreads, Hong Kong’s financial secretary forecasted a budget deficit of HK$139.1bn for the 2020-21 fiscal year, and China’s January non-financial outbound investment dropped by 9.5% in US dollar terms.
28 Feb 2020 -
Business, but not as usual as virus threat grounds bankers worldwide
Workers of the world’s capital markets united this week in efforts to keep the funding flowing as the threat of the Covid-19 coronavirus advances. Roadshows, mandate pitches and even quotidian office life faced emergency changes as embattled financiers braced themselves and their businesses for virus disruption.
27 Feb 2020 -
Asia people and markets news in brief: February 27, 2020
JPM picks Apac CEO — Natixis gets CIB coverage lead — StanChart’s Hsu exits — UBS, CS hire for research — Companies plan restructurings amid Covid-19 — Fidelity makes senior appointment
27 Feb 2020 -
Destination: Dublin as Dutch VAT ‘earthquake’ sends CLO managers scurrying
The CLO industry is expected to make an exodus from the Netherlands as managers with deals in the pipeline look to domicile their warehouses in Ireland. This follows a court ruling in the country, where up to a fifth of the market is located, which stings managers for a tax on management fees in a move that could shrink their income and reduce deal volumes. Tom Brown reports
26 Feb 2020 -
Market lacks confidence in European bank resolution, says S&P
Inconsistent laws and a lack of faith in untested resolution tools have “stretched the credibility” of the bank failure framework in Europe, according to analysts at S&P.
26 Feb 2020 -
HKEX reports revenue jump despite volatile 2019
The Hong Kong Stock Exchange (HKEX) posted record revenue and profit last year, showing it grew its business despite being battered by political and economic headwinds.
26 Feb 2020 -
Tech boutique offers tool to spot greenwash
Investors who have been longing for the EU Taxonomy of Sustainable Economic Activities to tell them what is green are now realising that its arrival could make life tricky. From the end of next year, they will have to start reporting how sustainable all their portfolios are. It could prove an enormous headache. But a tiny company has developed a tool it claims can cut out a lot of the worries investors face in working out how to comply.
26 Feb 2020 -
Generali launches framework for green insurance-linked securities
Assicurazioni Generali, the Italian insurance company, has launched a framework to show how insurance-linked securities can be structured to contribute towards investments in green assets.
25 Feb 2020 -
Post-Brexit law intended to clarify securitization could fragment market
An amendment to the UK Securitization law is set to come into effect at the end of 2020 when the Brexit transition period ends, clearing up confusion around the definition of sponsor in a move that could see the UK and the EU regimes diverge, said Mayor Brown in a notice released Thursday.
24 Feb 2020 -
The week in review: Covid-19 pain spreads, Regulator wraps up Anbang takeover, Star to launch faster IPOs for virus-linked businesses
In this round-up, the number of global cases of the novel coronavirus has spiked, the China Banking and Insurance Regulatory Commission has concluded a two-year takeover of troubled Anbang Insurance, and the Star board will speed up the review process for IPOs from companies focusing on controlling the epidemic.
24 Feb 2020
