FinanceAsia Magazine

Issue: December 2012

Issue: December 2012

This issue marks both the end of 2012 and the start of 2013, but if ever there was a year that feels as if it won't have closure, this is it. Most bankers expect more of the same: debt-funding will likely remain robust while the equity markets will be busy with block trades, rather than IPOs, at least for the first quarter. China is where most industry watchers are looking toward with hope. Now that a new leadership is mostly in place, bankers are expecting more capital market transactions might receive green lights, in the second half of 2013.

Furthermore, the Canadian government's approval of a $15.1 billion bid from China National Offshore Oil Corporation (Cnooc) to buy Nexen is also a positive sign. China's outbound M&A ambitions have sometimes been rebuffed by the US (remember Cnooc's 2005 hostile bid for Unocal) and Australia (cast your memory back to Midwest Corp's rejection of a $1.1 billion takeover bid by Chinese commodities company Sinosteel). So this was a coup China needed, even if Canada won't necessarily be keen for more investment anytime soon. It showed China could get across the line. According to the bankers on the deal, Cnooc did everything right when it came to wooing Canada: proof that some of the major state-owned entities may have learnt how to play ball in the international arena.

If Southeast Asia remains vibrant -- Malaysia had a standout year in 2012 -- there's every reason to believe that while it won't be easy, 2013 may be a year where excellence in service sets banks apart and allows the cream to rise to the top.

Lara Wozniak, Editor
lara.wozniak@financeasia.com

For more information on what's in this issue, see our contents page below (click for full view):

 

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.

 

Print Edition

FinanceAsia Print Edition