Capital Markets

Japan, China battle over financial infrastructure

TOKYO -- The Japanese government released the revised version of its Japan Revitalization Strategy for 2014 late last month. There was a low-profile but important measure in the strategy: Strengthening the yen's infrastructure. The measure is des...

  • Hong Kong's foreign money bonanza may soon go bust

    HONG KONG -- A perfect financial and economic storm may be on the horizon, according to Hong Kong Financial Secretary John Tsang Chun-wah, the government's third-highest official. The head of the island's central bank is also predicting an interest r...

  • China allows provinces to sell bonds

    BEIJING -- Chinese provincial governments can now issue bonds directly, with strings attached, in a change that sets the stage for the growth of the nation's municipal bond market. The revised budget bill adopted Sunday by the Standing Committee ...

  • More Philippine firms rushing to raise funds ahead of higher interest rates

    MANILA -- More Philippine companies are making last-minute bond offerings in an effort to pool their capital before interest rates climb further in the coming months. SM Prime Holdings, the nation's largest real estate firm by market value, on Mo...

  • Eurozone interest rates scrape new lows

    LONDON -- Long-term interest rates in eurozone countries have reached record lows amid expectations of further monetary easing by the European Central Bank, and uncertainty over the region's economy is fueling fears of deflation. The yield on 10-...

  • Orix to raise 20 billion yen from bond market

    TOKYO -- Orix will issue 20 billion yen ($190 million) in straight bonds to institutional investors as early as September. The 10-year bonds will carry a coupon rate of around 0.8% -- the lowest ever for the Japanese company's bonds with the same...

  • Foreign investors drove up JGB purchases in July

    TOKYO -- Foreign investors were the largest net buyers of Japanese bonds in July, purchasing a total of 1.28 trillion yen ($12.31 billion) worth, as the market tipped toward the safe haven of sovereign debt. Foreigners were net buyers for Japanes...

  • Alibaba's Yu'E Bao: is its high-yield era coming to an end?

    HONG KONG -- Alibaba Group Holding's online money market fund called Yu'E Bao is losing its luster of late. With its exceptionally high yields, the financial product's assets under management grew quickly after its launch June last year. A massiv...

  • Investors heading into 20-year JGBs on lower volatility

    TOKYO -- More investors are purchasing longer-term bonds, as the yields on their short- and medium-term counterparts appear close to bottoming out due to the Bank of Japan's massive open-market operations. The results of the 20-year Japanese gove...

  • Chinese banks to build capital through preferred shares

    SHANGHAI -- Leading Chinese banks will likely issue over 340 billion yuan ($55.3 billion) in preferred stock in an effort to bring capital ratios in line with tightening international regulations. The Bank of China announced it will issue as much...

  • Long rates in Japan slip below 0.5% on tight supply

    TOKYO -- Japan's long-term interest rates are at exceptionally low levels as the central bank continues to make massive purchases of government bonds under its monetary easing program. The benchmark yield on newly issued 10-year Japanese governme...

  • China National Nuclear issues 5 billion yuan bond: Dealogic

    China National Nuclear on Aug. 12 issued a 5 billion yuan investment
    grade bond via bookrunners China Galaxy Securities and China Development Bank.

  • Singapore bourse targets speculative volatility in transparency push

    SINGAPORE -- Seeking to restore confidence following penny-stock crashes last October, the securities market here has proposed a package of reforms to improve transparency. The Singapore Exchange, or SGX, and the Monetary Authority of Singapore a...

  • The pickle of inflation-linked Japanese government bonds

    TOKYO -- The Japanese market's attention is now focused on whether the finance ministry will further boost or keep unchanged the amount of new inflation-linked government bond issues. The principal of an inflation-linked bond varies with price mo...

  • Japan's long rates hit 16-month low

    TOKYO -- The yield on 10-year Japanese government bonds dropped to a 16-month low of 0.50% Friday, as cheap stock prices drove investors toward JGBs. Barclays Securities revised its forecast for the benchmark yield from 0.85% down to 0.45% the sa...

  • Industrial & Commercial Bank of China issues 20 billion yuan bond: Dealogic

    Industrial & Commercial Bank of China on Aug. 4 issued a 20 billion yuan Basel III-compliant bond via bookrunners Citic Securities and UBS.

  • 'Chinese-style' QE raises stimulus expectations

    HONG KONG -- A 1 trillion yuan ($162 billion) lending program set up by the People's Bank of China is drawing investors' attention -- boosting speculation that the central bank is trying to stabilize the economy by reducing interest rates in certain ...

  • BOCOM's asset-backed securities priced at 4.6 billion yuan: Dealogic

    BOCOM's 4.6 billion yuan asset-backed securities (2014-1) issuance was priced via bookrunners Citic Securities, Haitong Securities, ICBC and Southwest Securities on July 31.

  • New Indonesian, Indian governments have shots at real change: Fitch Ratings

    KUALA LUMPUR -- Fitch Ratings sees major opportunities for the new governments in Indonesia and India to lift potential growth rates. Thomas Rookmaaker, the international rating agency's lead analyst for a number of countries including those two,...

  • Hunt for yield heats up: subprime loans, anyone?

    TOKYO -- With long-term interest rates at historic lows in much of the rich world, investors are reaching eagerly for exotic sovereign bonds and even repackaged loans to questionable borrowers. Monetary policy in the U.S., Europe and Japan has st...