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.
Tag: China
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.
China this week – 22 April 2016
A roundup of the week’s asset management news from mainland publications.
IMF, ECB defend negative rates
Banks do derive benefits from negative interest rates, which are a net positive for the economy, said José Viñals director of monetary and capital markets at the IMF.
Easing currency risks support Asian equities
A weaker dollar and a low chance of an RMB devaluation support Asian currency stability, which has a strong equity market impact, said Falcon Private Bank’s CIO David Pinkerton.
BOS bullish on ASEAN growth
The Bank of Singapore said China’s slowdown has had surprisingly little impact on ASEAN economies.
UBP upbeat on Asia after Coutts acquisition
Despite private banks selling assets or cutting staff in Asia, Guy de Picciotto, CEO of Switzerland-based Union Bancaire Privee, said his bank plans to hire roughly 40 RMs and expand in China.
