FinanceAsia Magazine

Issue: December 2016/January 2017

 

As we head into 2017, investors could be forgiven for feeling more than a little nervous. 

They have just endured a year in which the United Kingdom voted to leave the European Union, the US elected Donald Trump as president, a volatile strongman took power in the Philippines, South Korea’s president got embroiled in a scandal involving the daughter of a cult leader, and China’s currency continued to rapidly depreciate.  

Perhaps the greatest uncertainty stems from the administration of Donald Trump. 

Investors have been watching closely as he has appointed a cabinet full of political neophytes, business tycoons, and hawkish generals. But the truth is, few people can be certain about the intentions of such an unpredictable figure.

This is a bad news for decision-makers across Asia. Uncertainty can create moments of opportunity for investors, as liquidity dries up and what is a fair price becomes debateable. But the same uncertainty tends to scare off corporate executives from launching new projects or from making transformative acquisitions.

There are bright spots in Asia’s capital markets at the moment. China’s burgeoning technology sector has produced some exciting unicorns which could launch their IPOs next year.

Green bonds, meanwhile are mushrooming, although it is an open question how long this momentum can continue unless they start to offer a distinct price advantage over conventional issuance.

But in the main, it has been a difficult year for investors and corporate executives. As the end of the year approached, the prevailing feeling was one of paralysis. 

That cannot last. As January begins, investors and executives need to start planning for the year ahead. That is not going to be easy, but FinanceAsia will be here to help, covering the most prominent companies and deals as the year unfolds. 

It seems clear that investors will start 2017 feeling nervous. Let’s hope they end it feeling anything but.

 

About FinanceAsia Magazine

Established in 1996, FinanceAsia is the leading publisher of financial news in the Asia-Pacific region. Our combination of print and online products provide the latest news, analysis and insight into Asia’s financial markets.

Published monthly from our office in Hong Kong, FinanceAsia magazine provides our readers with the latest financial trends, interviews, features and investigative reports. The publication has a readership of key decision-makers at corporations, governments, investment and commercial banks, institutional investors, asset managers, brokers, traders and financial intermediaries.

Our regular sections include:

Data Story
We look at the key data behind a topical theme in Asian finance, showcased with an array of graphs and tables.

Greenshoe
A monthly opinion column from the FinanceAsia editorial team. We provide our thoughts on a topic making the headlines.

Deal of the Month
Our regular two-page spread with its signature artwork and in-depth analysis examines the equity, debt or M&A deal that we feel has had the biggest impact on the Asian capital markets that month.

Investor Dialogue
For company CEOs and CFOs, what investors think is a critical concern, and in this column we help them understand just this. Each month we speak to a Chief Investment Officer of a top fund and outline their views on corporate governance, what stocks they like and where they expect to generate the best returns.

Soapbox
A monthly opinion piece from a respected author or commentator on Asian business, finance or economics.

People on the Move
Here we summarise the key hires, fires and moves at the region’s banks, highlighting at least one major move each month.

Deal Tracker
We examine the major primary markets deals of the month and comment on the quality of the debt or equity transaction and the secondary market performance.

The Arts of Finance
A light-hearted look at investment opportunities surrounding the arts business in Asia.

 

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