After the Chinese regulator urged a more thorough risk analysis, some mainland brokers have refused to issue bonds from privately-owned companies amid default concerns, mainland media reported.
Category: News
Funds in Asia see huge Q1 outflows
Around $39bn fled funds in Asia during Q1 this year, and one asset class took an enormous hit, according to data from Strategic Insight.
EM fund buying continues
Emerging market funds drew $5bn of net inflows globally in April, accounting for 70% of total fund flows across all asset classes, according to the Institute of International Finance.
HSBC PB appeals record SFC fine
In a misconduct case more than a decade old, HSBC Private Bank has launched an appeal against a record HK$605m regulatory fine ($78m) and the possible revocation of its license to advise on securities.
Chinese AM industry cleanup underway
More than 2,000 private fundraising and management firms will be forced out of the Chinese market, according to the China Securities Regulatory Commission and the Asset Management Industry Association of China.
China corporate bond defaults spike
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.
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.
