Rethinking the menu
The offshore renminbi market is pricing in a depreciation of the currency against the US dollar over the next year, putting the brakes on breakneck growth. Politicians, however, are determined to press ahead.
Source: Reuters/Jason Lee The Long March II-F rocket loaded with Shenzhou-9 manned spacecraft carrying Chinese astronauts Jing Haipeng, Liu Wang and Liu Yang lifts off from the launch pad in the Jiuquan Satellite Launch Center Looking back at this publication 12 months ago, it’s striking how little has changed. This time last year, concerns over China’s slowing economic growth were pushing investors to the sidelines. Analysts were worried that a hard landing for the economy would roil global markets, wiping out trillions of dollars of equity...Read more
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The offshore renminbi market is pricing in a depreciation of the currency against the US dollar over the next year, putting the brakes on breakneck growth. Politicians, however, are determined to press ahead.
China’s attempt to restore confidence in its domestic stock market is paying off, with a couple of successful deals already on the board. Will it be enough to reinvigorate the struggling A-share IPO market?
China’s long road to a credit culture may be set for a boost if efforts to unify the many fragmented debt markets pay off. What’s next for the corporate sector?
The pace of US listings from China’s internet sector has stalled in the wake of a series of corporate governance scandals. After Facebook’s disappointing debut, hopes of a revival are fading fast.
Taiwan stands to benefit from the liberalisation of mainland investment rules and closer political ties. The island’s potential as an offshore renminbi market is huge. Is Taipei about to challenge Hong Kong’s dominance of the CNH market?
Chinese companies have become the biggest drivers of global bond sales from Asia, but an uncertain economic outlook and global risk aversion are clouding the picture. Lower-rated borrowers are already struggling to access international capital, and new regulations threaten to throw a spanner in the works.
China’s first rate cut since 2008 has unlocked a wave of infrastructure financings and big-ticket loans. Aside from creating opportunities for commercial lenders, however, it has also triggered a price war.