The sharp rise in Chinese onshore bond defaults should not be exaggerated as the deleveraging of weak corporates is inevitable, said Bryan Collins, portfolio manager at Fidelity International.
Tag: China
Conning Asia Pacific cautious on EM equities
EM equity markets are vulnerable to moves in the US dollar and US monetary policy, said Marc Franklin, portfolio manager.
Demand for long-term stable yield in China
Mainland retail investors queued for a day to snap up government savings bonds, which are perceived as a safehaven for capital, mainland media reported.
China takes more steps to open bond market
The mainland’s provident and pension funds should bring up to $610bn into China’s interbank bond market (CIBM) after regulators open it to a wide range of foreign and domestic investors, analysts said.
China this week – 06 May 2016
A roundup of the week’s asset management news from mainland publications.
CSRC cautions on bond risks
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.
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.
China this week – 29 April 2016
A roundup of the week’s asset management news from mainland publications.
Fidelity remains bullish on Japan
Despite negative interest rates and doubts about Abenomics, Fidelity analysts single out Japan as the only market with improving prospects.