Regional bank chiefs offer outlook

The Annual Banking Conference 2013 - hosted by the Hong Kong Institute of Bankers - took place on Monday, where senior banking executives outlined their thoughts on the key strategic issues facing the industry. If you were not there, Barclays has put together the main points.
Anita Fung spoke about the debt capital markets in Hong Kong and China, including the dim sum bond market.
Anita Fung spoke about the debt capital markets in Hong Kong and China, including the dim sum bond market.

1. Anita Fung chief executive of HSBC’s Hong Kong operations, spoke about the debt capital markets in Hong Kong and China, including the dim sum bond market. Fung said the dim sum bond market is growing rapidly with Rmb213bn of issuances in 1H13 24% yy and attracting international issuers to Hong Kong. There is ongoing development of offshore Rmb infrastructure and gradual deregulation to allow two-way flows. There is large growth potential for China’s interbank bond market. China only accounts for 4% of global bonds outstanding, while the US accounts for 37% of global bonds outstanding.

2. Gao Yingxin, executive director and deputy CEO, BOCHK,...

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