FinanceAsia Magazine

Issue: December 2011/January 2012

Issue: December 2011/January 2012

'Tis the season

I suppose we’re supposed to be jolly, but it’s difficult not to be worried. As you can see in our cover story and the awards write-ups, much of 2011 was marked by market closure. It seems entirely likely that 2012 will be similar, given that Europe is nowhere closer to sorting its debt issues and the US will be distracted by its presidential election-year political circus.

Asia won’t be free of its own home-grown drama. Protests have been on the rise in Guangzhou as workers demand more overtime but manufacturers are receiving fewer orders because their pricing is less competitive. That is a result of having to pay higher minimum wages.  As we went to press, news broke that North Korean dictator Kim Jong Il had died, which could be a destabilising factor in Korea. And Thailand’s political situation could implode thanks to economic pressure from the floods coupled with an increasing number of people jailed for les majeste.

And yet, there is reason to be hopeful. As we point out in our Malaysia report, their economy is getting a boost from economic reform and the success of Islamic finance. Similarly, we point out that Bangladesh, an economy often ignored because the nation mostly appears in the press after a natural disaster, has a vibrant entrepreneural class that may put the nation on the map. But most important, our awards write ups underscore how proactive and innovative the banking community is here in Asia in helping forge new companies with innovative M&A, and in bringing to market deals when any window of opportunity opens.

Lara Wozniak, Editor
lara.wozniak@financeasia.com

 

REGULARS

4
Deal of the month
HKT Trust's $1.2 billion IPO

6
Primary markets
A summary of key equity and debt deals

18
Asia in numbers
Offbeat numbers from the region

20
Month in Asia
Political and conomic news briefs

22
Investor Dialogue
Suchad Chiaranussati, managing director and founder of Real Estate Capital Asia Partners

26
People on the move
News of the latest hires and moves

140
CFO Solutions
Pilar Morais, chief executive and financial officer of CHI Residences

144
Reel Lessons
The Debt


COVER STORY

28
Boxed in
The insanity in the rest of the world constrained deals in Asia


AWARDS

34
Achievement Awards
Our annual look at Asia’s best banks and deals


FEATURES

59
Trade banks enter choppy waters
Asia’s importers and exporters will turn to structured trade loans

76
Asia threatened by crises in the West
DBS and guests discuss the risks of contagion from developed markets

82
Behind China’s wealth gap
Inequality is on the rise

110
Succeeding in the West
Challenges facing Chinese companies listing offshore

116
Confidence crisis
2011 marked the decline in listing of new Chinese ADRs

118
Gold rush
Owen Hegarty talks about raising money for new exploration

132
Qantas makes Asia play
Will the company’s plan to move costs offshore work?

134
The cost of justice
The Khmer Rouge’s court hearings

136
Asia to the rescue
The BOAO Forum for Asia in Paris

138
Societe Generale’s Asia outlook
Committed to growth

142
Celebrating our Top 20 Women in Finance
Photos from the luncheon


REPORT JAPAN

64
Stocks for building blocks
Funding reconstruction of Japan

66
FX as an asset class
New opportunities in Japan

68
Japan’s contrarian fate
Why some investors think the time is right to re-think Japan

72
What’s occupying Japan lately?
New opportunities for the country’s energy-related industry

74
New ways to grow
Japan’s  mid-tier companies are making global acquisitions


REPORT BANGLADESH AND SOUTHEAST ASIA

86
Rethinking Bangladesh
Bangladesh is emerging as a viable destination for investment

88
Unlocking a world of potential: the Bangladesh journey
HSBC/FinanceAsia roundtable discussion

96
Landing in the limelight
Political actions that are bad public relations moves

100
Bangladesh’s entrepreneurs are worth watching
Their success is often overlooked

102
Challenging management
Meet the founders of Institutional Investor Advisory Services

106
India’s interest in Africa
Much has been made of China’s investments into Africa, but check out India’s input


REPORT MALAYSIA

120
Getting re-elected
Prime Minster Najib Razak is banking on a strong economy

126
Islamic finance to the rescue
Its use is on the rise

130
Brain drain
Malaysia needs to figure out a way to retain its best and brightest
 

 

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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