FinanceAsia Australia/NZ Achievement Awards 2020, why they won: part 1

We set out the rationale for the choices we made for our issuer and deal awards.

Wider adoption of crypto-currencies 'inevitable,' says Bybit CEO

Bybit’s founder and CEO Ben Zhou elaborates in an interview on his bullish outlook for crypto-currencies and why mass adoption might just be around the corner.

Market Structure

China 2020 – a fixed-income market structure review

OPINION: From major changes to QFII and all the way down to a wide range of micro adjustments, 2020 was a period of significant progress for fixed-income markets in China.

Infrastructure investment will play a key role in China’s economic recovery

By Moody's Investors Service

Raising Ratings Standards in China with Lianhe Global

By Lianhe Global

Russia's VTB seizes China growth opportunities

By VTB Bank

Pandemic Progress Check: China Homebuilding

By Fitch Ratings

M&A

Keppel Infrastructure and Metro Pacific acquire petroleum storage facility

The acquisition is the Philippines’ largest M&A this year and looks smart given pressures on the domestic refining sector and an expected rise in imports next year.

Corporate Event

I.T privatization seen a harbinger of corporate events for Hong Kong brands

Proposal to take fashion retailer private underlines need for city’s brands to diversify businesses globally to remain relevant, Jefferies says.

Sovereign Debt

Philippines succeeds with opportunistic benchmark bond

With its third bond issue this year, the sovereign captured a favourable market window and is seen as unlikely to return in early 2021.

Healthcare

China’s online healthcare market primed for a boom

An accommodative policy stance and a large digitally native population in China reflect potential for growth, although trust will be key to sector’s development, say analysts.

Covered Bonds

UOB reopens Singapore’s covered bond market

In the first such issue from Singapore since 2018, UOB has brought a covered bond that is not only the city-state’s largest ever, it is also its first with a negative yield.

Sovereign Debt

China finds support in Europe

Only a month after its US dollar bond deal, China finds significant demand from European investors, who are also confident about the country's post-Covid economic rebound.

Debt Default

China’s recovery could bring more defaults to light, S&P says

Authorities’ willingness to accept defaults could be on the rise as economy emerges from Covid-19 shock, but systemic risks are unlikely, according to ratings agency.

Corporate Debt

BoCom prints China’s first international AT1 perpetual bond

Bank of Communications' new offshore issue follows updated guidelines from country’s regulator and could pave the way for similar issuance from other domestic banks.

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