Year-to-date, Chinese enterprises have defaulted on 22 bonds, exceeding the 21 defaults reported for the full year 2015, according to UOB Kay Hian Investment Consulting.
Category: News
Offshore bonds issuance relaxed
China’s central bank has relaxed the rules for mainland corporates to issue offshore bonds, according to the People’s Bank of China.
MAS penalizes asset manager
The Monetary Authority of Singapore has taken enforcement action against Pu Weidong and Triumpus Assets Management for insider trading.
IMF: Risks dominate APAC outlook
The International Monetary Fund warns of rising debt risks in Asia, as well as China’s likely “substantial spillovers” in the near term.
Samsung AM hopes for retail interest in ETFs
Samsung Asset Management intends to launch at least one leveraged and one inverse exchange-traded fund in Hong Kong.
Mirae joins ETF build out in Asia
By adding an ETF product specialist, the firm joins other asset managers in Asia who have put a focus on ETF activity this year.
Edmond de Rothschild, Samsung ink partnership
The partnership involves Samsung’s forthcoming European high dividend fund.
Investec WM opens in Hong Kong
Investec Wealth and Investment has set up its first wealth management office in Asia, said Catherine Kirchmann, head of Hong Kong and divisional director.
Asia Pacific Funds Passport moves forward
Representatives from Australia, Japan, Korea, and New Zealand signed a memorandum of cooperation (MoC) on the Asia Region Funds Passport (ARFP) on Thursday, that should see the initiative launched next year.
MRF capital flowing north
Sales of northbound mutual funds sold through the Mutual Recognition of Funds scheme are surging compared to southbound sales, which are another story.
