The timing of this year’s Asian ECM report could have hardly been better. Across the region – if not the world – markets are at a crossroads. The formidable recovery of 2009–10 has led to the inevitable question: have markets rallied too far? Enthusiasm for emerging-market exposure propelled Asian equity indices to peaks early in the fourth quarter of 2010, but trading since then has been rather more subdued. Global fund managers are wrestling with the latest round of ambiguous US economic data and even emerging-market bulls have begun to...Read more
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After a bull run in mid-2010 that always looked too good to be true, Asian equities have struggled to generate the same kind of returns as global uncertainty has crept in. Investors, however, remain convinced that Asia has much to offer.
Questions about corporate governance standards in India and China are ringing louder than ever. Accounting scandals in China risk denting confidence in mainland-related IPOs - at home and overseas - while an ongoing corruption investigation is casting a pall over some of India’s biggest corporate names.
Business trust listings are helping Singapore’s stock exchange gain ground on its arch rival, but Hong Kong is not about to give up without a fight.
The Asian equity-linked market is soaring with strong investor interest buoying an increasing number of deals. Has the convertible bond finally found its niche?
Indonesia’s equity markets soared in 2010 on growing international appetite for the South-East Asian economy, but the outlook for the second half of this year is far less certain.
Indonesia’s privatisation programme has already sparked some of the region’s most exciting - and controversial - IPOs, but it may be some time before the next round of deals hits the market, according to Mahmuddin Yasin, deputy to the minister for state-owned enterprises.
With the last of China’s jumbo bank listings finally hitting the market in 2010, Hong Kong’s stock exchange has stepped up its efforts to become a hub for overseas companies to raise funds.
Malaysia’s equity markets have awoken from a long slumber, and another series of big deals are on the horizon.
Australia’s equity market remains the hub for innovative fundraisings, as evident in the arrival of two new structures this year. In the country’s mature - and notoriously conservative - equity capital markets, such instruments are keys to developing business.