Equity News
Goldman to keep 80% of ICBC stake – for now
Under the initial agreement, the US bank would have been able to sell half its 4.93% stake from April 28.




In Debt
Asia prepares for corporate restructuring
Law firm Milbank warns that creditors must prepare for a massive wave of company debt workouts.


FX
China wants new reserve currency to replace dollar
PBOC governor Zhou Xiaochuan suggests a super-sovereign reserve currency to help alleviate China's dependence on the dollar.




View Point
China's underdeveloped bond market hinders fiscal stimulus
A more vibrant corporate bond market would also improve financing conditions for SMEs and provide companies with an alternative financing channel when the banking system is under stress, argues S&P.