Capital Markets

Individual investors are said to be behind a surge in trading volume on the Shanghai Stock Exchange.

Hotter than New York

Shanghai Stock Exchange on a surge

SHANGHAI -- Trading on the Shanghai Stock Exchange is on a tear. From January through April, the exchange led the world in the value of trades. The value further swelled in May, and it is becoming likely that the Shanghai market will have the wor...

  • New indexes

    FTSE to include mainland China A shares

    HONG KONG -- FTSE Russell, the U.K.-based global financial market index provider, announced Tuesday that it will launch two new emerging markets indexes which will include mainland Chinese stocks, or A shares, to meet investor demands for greater acc...

  • New reality

    Defaults on the rise as China slows

    SHANGHAI -- China has seen defaults amid fundraising difficulties resulting from the nation's economic slowdown. Zhuhai Zhongfu Enterprise, a leading plastic bottle maker, said it may miss bond repayments due Thursday, which would mark the fourth...

  • Investors demand bigger spreads

    Japan's corporate bond issuance hits 20-year low

    TOKYO -- Meager yields and unsettling volatility have put investors off Japanese corporate bonds, suggesting that prolonged quantitative easing is disrupting this vital market. To attract buyers for their debt, corporate issuers are having to fat...

  • Nicholas Spiro

    Reprieve for Malaysia as India, Indonesia disappoint

    Investor sentiment towards emerging Asia's economies is in flux and nothing reflects that more acutely than the changing fortunes of Malaysia. In the second half of last year, the region's sole net oil exporter was distinctly out of favour with i...

  • Mining industry

    BHP spinoff makes Aussie market debut

    SYDNEY -- South32, a mining company spun off from Anglo-Australian resource giant BHP Billiton, debuted on the Australian stock market Monday. Reflecting concerns over the outlook for resource prices, South32 opened at 2.13 Australian dollars ($1...

  • Stock or bond

    Toyota's new 5-year hybrid seen shaking things up

    TOKYO -- The new kind of stock Toyota Motor is looking to issue may be a harbinger of the revolution to come in corporate financing. The Model AA Class shares, formulated in collaboration with Nomura Securities, confer voting rights but in many o...

  • Dollar-denominated bonds

    Tokyo to make use of TSE's pro market

    TOKYO -- The Tokyo Metropolitan Government on Wednesday will list dollar-denominated bonds on the Tokyo Stock Exchange's professional-oriented Tokyo Pro-bond Market, sources told The Nikkei on Saturday. That would make it the first Japanese municipal...

  • Funding growth companies

    Mizuho, China Merchants to create investment fund

    TOKYO -- Mizuho Financial Group will partner with China Merchants Group in setting up an investment fund for privately owned companies in China. The Japan Bank for International Cooperation will jump aboard as an investor, taking a stake of up to...

  • Anxiety spreads

    Hedge funds behind long-rate spikes in Japan, U.S. and Germany

    TOKYO -- Investors are trying to determine if the surges in Japanese, American and German long-term interest rates have run their course. In Tokyo on Wednesday, the yield on 10-year government bonds inched down a tad at one point, only to rebound...

  • Interview with TSE's Sugiyama

    Asian investors keen to invest in Japan stocks

    SINGAPORE -- Japan Exchange Group, the parent company of the Tokyo Stock Exchange and the Osaka Exchange, on May 1 set up its first overseas branches in Singapore to attract more investment from Asian countries. In a recent interview with Nikkei ...

  • Monetary policy

    Speculation grows for 'Chinese-style' quantitative easing

    HONG KONG -- Speculation is rife that the People's Bank of China is turning to quantitative easing to boost market liquidity and help refinance cash-strapped local governments to refinance their debt. Two new monetary policy tools are drawing par...

  • Gavin Gunning

    Will Asia-Pacific governments embrace bank 'bail-ins'?

    Since the taxpayer-funded bailouts of banks during the global financial crisis, policymakers in North America and Europe have been taking steps to reduce the need for such actions by governments in a future banking emergency. Many jurisdictions in th...

  • Fed getting cold feet

    Waning potential for a US rate hike

    WASHINGTON -- OK, Asia, exhale. The Federal Reserve Board continues to watch for progress toward "maximum employment and price stability" but has removed references to an interest rate hike, according to a statement issued Wednesday following a m...

  • Nicholas Spiro

    Caution is the watchword for emerging Asia's central banks

    From a growth standpoint, emerging Asian economies are the envy of their peers in Europe and Latin America. According to the latest forecasts from the International Monetary Fund, the average real gross domestic product growth rate in the develop...

  • New destination

    Foreigners drawn to Japanese government bonds

    TOKYO -- Money from abroad is coming to Japan, lured by government bonds offering attractive returns compared to those in Europe. Foreigners became a force to be reckoned with last year in the market for Japanese government bond futures. Their tr...

  • William Barkshire

    Will a Hong Kong-China 'bond connect' be next?

    The challenges to opening up the Chinese bond market are high, writes William Barkshire

  • Off-the-record admonition

    BOJ's Kuroda warns Abe about bond rules

    TOKYO -- Bank of Japan Gov. Haruhiko Kuroda earlier this year urged Prime Minister Shinzo Abe to make serious efforts to improve the nation's finances, sources said Tuesday. Kuroda made the remarks Feb. 12 during a meeting of the Council on Econo...

  • Cutting costs

    Japan's pension giant plans more in-house asset management

    TOKYO -- As part of sweeping reforms aimed at cutting costs and boosting returns, Japan's Government Pension Investment Fund will start managing more of its portfolio in-house, relying less on outside asset management companies. Yields on bonds r...

  • Troubled bonds

    Cloud Live marks China's second corporate default

    SHANGHAI -- Cloud Live Technology Group will default on a bond payment, becoming the second Chinese company to do so. The restaurant and information technology company told the Shenzhen Stock Exchange on Monday night that it would miss the Tuesda...