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There are four reasons to worry that the latest banking crisis could be systemic. For many years, periodic bouts of quantitative easing have expanded bank balance sheets and stuffed them with more uninsured deposits, making the banks increasingly vulnerable to changes in monetary policy and financial conditions
31 Mar 2023
Editor's choice
The emerging East Asia’s local currency bond market (LCY) expanded at a slower pace in the fourth quarter of 2022 due to a deceleration in the issuance of government bonds. According to the latest issue of Asia Bond Monitor published by the Asian Development Bank (ADB) on March 28, the slowdown was driven by a decline in issuance as most of the jurisdictions had fulfilled their borrowing requirements earlier in the year.
29 Mar 2023
Editor's choice
The sudden collapse of Silicon Valley Bank was met by an equally swift response from US regulators. But the crisis is far from over, and the nature of the authorities’ response introduces problems of its own
30 Mar 2023
Editor's choice
Core fixed-income renaissance, stable alternative asset demand
29 Mar 2023
Editor's choice
Hongkongers live longer than most people in the world, but they expect their later years to be dogged by poor health, a period many think will start when they enter their early- to mid-60s, a new survey finds, highlighting the need for people to have a savings plan in place to help with the medical costs in later life.
29 Mar 2023
Editor's choice
HSBC has introduced a digital Lombard lending service for its high-net-worth and ultra-high-net-worth clients in Hong Kong to support their wealth management needs.
30 Mar 2023
Editor's choice
Citi has appointed Rajat Madhok as global head of Citi Commercial Bank credit risk. Prior to this, Madhok was Asia-Pacific head of Citi Commercial Bank – a role he took up in 2019.
30 Mar 2023
Editor's choice
Japan Bank for International Cooperation (JBIC) has signed a US$396 million project loan agreement in project financing with Enersok Foreign Enterprise for a natural gas-fired combined cycle power plant in Uzbekistan.
29 Mar 2023
Editor's choice
ETC Group, a European provider of digital asset-backed securities, will list the first crypto exchange-traded product (ETP) based on an MSCI index. The ETC Group MSCI Digital Assets Select 20 ETP is expected to list in April on the Deutsche Börse XETRA.
29 Mar 2023
Editor's choice
ESG Forum
Upticks in materials, capital goods, board diversification, and improved capital structures, focus on efficiency, emissions
28 Mar 2023
Allianz Global investors (AllianzGI) has launched a proprietary digital platform that provides access to environmental, social and governance (ESG) data. The Sustainability Insights Engine (SusIE) is a web-based user interface that computes external ESG data from multiple providers as well as AllianzGI proprietary scores and research inputs.
27 Mar 2023
Khan Bank, Mongolia’s largest commercial financial institution, has issued the first-ever green bond to be issued in the country, a US$60 million, five-year offering. The International Finance Corporation (IFC) is investing US$15 million in the offering, which has attracted another US$45 million from international investors, including US$35 million from Dutch entrepreneurial development bank FMO and US$10 million from MicroVest Capital Management.
17 Mar 2023
Singapore banking group DBS and private equity and venture capital investment firm Heritas Capital have announced the first close of the Asia Impact First Fund (AIFF). The fund has now raised over US$20 million, led by anchor investor DBS, which committed US$10 million, and like-minded impact-focused family offices, foundations, corporates and high-net-worth individuals.
15 Mar 2023
DBS, Citi, MUFG, and HSBC take home accolades in The Asset Triple A Sustainable Capital Markets Awards 2023 as announced in an Oscar-style awards ceremony held last night (March 14) at the Four Seasons Hotel in Hong Kong.
15 Mar 2023
Reinvigorated IMAS pushes digitization, diversity, education post-pandemic
14 Mar 2023
Climate change is perhaps the most significant financial risk for investors over the long term, according to Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).
13 Mar 2023
Chinese fintech’s first sustainability-linked derivative incentivizes meeting various ESG targets
10 Mar 2023
The Asset Talk
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TechTalk
HSBC has introduced a digital Lombard lending service for its high-net-worth and ultra-high-net-worth clients in Hong Kong to support their wealth management needs.
30 Mar 2023
ETC Group, a European provider of digital asset-backed securities, will list the first crypto exchange-traded product (ETP) based on an MSCI index. The ETC Group MSCI Digital Assets Select 20 ETP is expected to list in April on the Deutsche Börse XETRA.
29 Mar 2023
Upticks in materials, capital goods, board diversification, and improved capital structures, focus on efficiency, emissions
28 Mar 2023
Micro Connect has launched in Macau a global exchange for daily revenue obligations (DROs), a new asset class that connects institutional capital around the world with China’s micro and small businesses.
27 Mar 2023
As if the United States' foray into inefficient subsidization was not bad enough, regulators have also announced excessive eligibility criteria for the same companies that they claim to want to help. From childcare requirements to new corporate taxes, the US policy mix is becoming increasingly muddled
25 Mar 2023
The Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has set a July 1 deadline for the full adoption of the country’s unified QR code standard for secure payments.
24 Mar 2023
Over the course of several months, the board of editors at The Asset has taken note of these trends in Asia and has been carefully examining and understanding the various digital finance activities taking place in the region. As in previous years we are pleased to highlight this year’s The Asset Triple A Digital Awards winners who have excelled against a highly competitive and challenging market backdrop.
24 Mar 2023
Fund managers and asset service providers in Asia are in a better position to automate their processes than their Western counterparts, a new report finds.
23 Mar 2023
Russia’s invasion of Ukraine has increased the level of threats in the global cyber landscape, sparking a flood of ideologically driven “hacktivism” that, driven by both sides of the conflict, has substantially put at risk the financial services sector, particularly for institutions in countries that Russia considers hostile, according to a recent report
22 Mar 2023
Standard Chartered has launched working capital and lending capability on its Straight2Bank (S2B) online platform for businesses to manage their transaction banking needs.
22 Mar 2023
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Insightful debate among regulators, issuers and investors -
Award CeremonyDigital AwardsApr 2023
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RoundtableBreaking barriers: Financing the sustainability agenda in Asia-PacificMay 2023
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Award CeremonyTreasurise AwardsMay 2023
Treasury & Capital Markets
Citi has appointed Rajat Madhok as global head of Citi Commercial Bank credit risk. Prior to this, Madhok was Asia-Pacific head of Citi Commercial Bank – a role he took up in 2019.
30 Mar 2023
Citi has announced key appointments in its markets and treasury and trade solutions (TTS) business while reiterating its commitment to supporting corporates in Asean on their regional and global ambitions.
29 Mar 2023
The emerging East Asia’s local currency bond market (LCY) expanded at a slower pace in the fourth quarter of 2022 due to a deceleration in the issuance of government bonds. According to the latest issue of Asia Bond Monitor published by the Asian Development Bank (ADB) on March 28, the slowdown was driven by a decline in issuance as most of the jurisdictions had fulfilled their borrowing requirements earlier in the year.
29 Mar 2023
Cagamas, the National Mortgage Corporation of Malaysia, has priced a package of issuances amounting to 1.4 billion ringgit (US$318 million) ahead of the latest Fed rate hike.
29 Mar 2023
Start-ups in China raised US$6 billion in venture capital across 458 deals in January-February 2023, down 52.2% in value and 29.1% in volume from the same period last year, figures from data and analytics provider GlobalData reveal.
27 Mar 2023
Micro Connect has launched in Macau a global exchange for daily revenue obligations (DROs), a new asset class that connects institutional capital around the world with China’s micro and small businesses.
27 Mar 2023
The Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has set a July 1 deadline for the full adoption of the country’s unified QR code standard for secure payments.
24 Mar 2023
Over the course of several months, the board of editors at The Asset has taken note of these trends in Asia and has been carefully examining and understanding the various digital finance activities taking place in the region. As in previous years we are pleased to highlight this year’s The Asset Triple A Digital Awards winners who have excelled against a highly competitive and challenging market backdrop.
24 Mar 2023
Standard Chartered has launched working capital and lending capability on its Straight2Bank (S2B) online platform for businesses to manage their transaction banking needs.
22 Mar 2023
The International Finance Corporation (IFC) is providing Saigon-Hanoi Commercial Joint Stock Bank (SHB) of Vietnam with an initial US$40 million loan to help expand access to finance by small and medium enterprises (SMEs), especially those owned by women. In a deal announced on March 21, the US$40 million facility is the first phase of an overall planned US$120 million financing package to help SHB provide more support for local enterprises and boost their participation in the global supply chain.
22 Mar 2023
Wealth
HSBC has introduced a digital Lombard lending service for its high-net-worth and ultra-high-net-worth clients in Hong Kong to support their wealth management needs.
30 Mar 2023
ETC Group, a European provider of digital asset-backed securities, will list the first crypto exchange-traded product (ETP) based on an MSCI index. The ETC Group MSCI Digital Assets Select 20 ETP is expected to list in April on the Deutsche Börse XETRA.
29 Mar 2023
Hongkongers live longer than most people in the world, but they expect their later years to be dogged by poor health, a period many think will start when they enter their early- to mid-60s, a new survey finds, highlighting the need for people to have a savings plan in place to help with the medical costs in later life.
29 Mar 2023
New York-based global investor KKR and real estate private equity firm Gaw Capital Partners have agreed to acquire Hyatt Regency Tokyo from Odakyu Electric Railway Company.
28 Mar 2023
BlackRock and JPMorgan Asset Management continued to lead the annual ranking of the best-performing third-party asset management brands in Asia-Pacific.
28 Mar 2023
Allianz Global investors (AllianzGI) has launched a proprietary digital platform that provides access to environmental, social and governance (ESG) data. The Sustainability Insights Engine (SusIE) is a web-based user interface that computes external ESG data from multiple providers as well as AllianzGI proprietary scores and research inputs.
27 Mar 2023
Singapore-based CapitaLand Group has appointed Jonathan Yap as the new chief executive officer of CapitaLand Development (CLD), the group’s private real estate development arm, effective June 5.
24 Mar 2023
Fund managers and asset service providers in Asia are in a better position to automate their processes than their Western counterparts, a new report finds.
23 Mar 2023
Blackstone’s US$70 billion real estate income trust (BREIT) is now trading on LODASMarkets.com, a Kansas-based online marketplace for buying and selling alternative and real estate investments.
22 Mar 2023
Allfunds, a B2B wealthtech platform for the funds industry, has launched a new division to provide clients with better access to alternative assets and private markets.
22 Mar 2023
First Sentier Investors (FSI) has agreed to acquire a majority stake in European credit manager AlbaCore Capital Group.
21 Mar 2023
Asia Connect
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Norwegian renewables provider Scatec has made the first drawdown of a non-recourse loan facility to partly finance a 531-megawatt solar project in Brazil.
29 Mar 2023
Asian Development Bank and SAEL Industries Limited have signed loan agreements of up to 7.5 billion rupees (US$91.14 million) to promote the generation of biomass energy using agricultural residue in a bid to further diversify India’s energy mix and reduce carbon intensity.
29 Mar 2023
Romania's Nuclearelectrica and Emirates Nuclear Energy Corporation (ENEC) have signed a memorandum of understanding to cooperate on the potential development and expansion of nuclear energy programmes in the United Arab Emirates and Romania, as well as within central and eastern Europe.
29 Mar 2023
Japan Bank for International Cooperation (JBIC) has signed a US$396 million project loan agreement in project financing with Enersok Foreign Enterprise for a natural gas-fired combined cycle power plant in Uzbekistan.
29 Mar 2023
Daewoo Engineering & Construction has signed a US$790 million agreement with General Electricity Company of Libya to build gas-fired power stations in the Mellitah and Misurata regions.
22 Mar 2023
The European Bank for Reconstruction and Development (EBRD) has approved a €300 million (US$321 million) financing package to help support Serbia’s electricity sector.
22 Mar 2023
KfW Ipex-Bank is contributing €40 million (US$42.8 million) to a €400 million debt facility for Allego, a pan-European charge-point operator, to fund a pipeline of contracts and expand its network of ultra-fast electric-vehicle chargers across key sites in Germany, France and Benelux.
22 Mar 2023
A fund managed by BlackRock is acquiring a stake in a 310-megawatt wind farm in Kenya, the largest in the African continent. The stake in Lake Turkana Wind Power Limited (LTWP), which owns and operates the wind farm, is held by the Finnish Fund for Industrial Cooperation (Finnfund). The fund, a development financier and impact investor, has been a shareholder in LTWP since construction of the wind farm began in 2014.
22 Mar 2023
Keppel Corp has reached a long-term power purchase and export agreement with Cambodia’s Royal Group Power to buy electricity from Cambodia and Laos. Singapore’s Energy Market Authority (EMA) has conditionally approved long-term imports and sales of one gigawatt of low-carbon electricity from renewable energy sources by wholly owned unit Keppel Energy, Keppel says in a statement.
20 Mar 2023
The Philippines' largest integrated telco PLDT on March 16 announced a new tower sale and leaseback transaction by its subsidiaries Smart Communications and Digitel Mobile Philippines involving 1,012 telecom towers and associated passive telecom infrastructure. The company signed a sale and purchase agreement with Frontier Tower Associates Philippines for over 12.1 billion pesos (US$221.20 million).
17 Mar 2023
American carrier Southwest Airlines has agreed to purchase over 400,000 carbon credits from SMBC Aviation Capital.
15 Mar 2023
On The Move
Citi has appointed Rajat Madhok as global head of Citi Commercial Bank credit risk. Prior to this, Madhok was Asia-Pacific head of Citi Commercial Bank – a role he took up in 2019.
30 Mar 2023
Citi has announced key appointments in its markets and treasury and trade solutions (TTS) business while reiterating its commitment to supporting corporates in Asean on their regional and global ambitions.
29 Mar 2023
Vanessa Wang familiar with region, has impressive leadership skills
24 Mar 2023
Singapore-based CapitaLand Group has appointed Jonathan Yap as the new chief executive officer of CapitaLand Development (CLD), the group’s private real estate development arm, effective June 5.
24 Mar 2023
Natixis Corporate and Investment Banking has appointed Amit Tanna as head of coverage, India. Based in Hong Kong, Tanna reports to Francis Ansvananda, head of coverage, South East Asia.
21 Mar 2023
Aviva Investors, the global asset management business of British insurer Aviva plc, has appointed Mirza Baig to the new role of global head of ESG, subject to regulatory approval.
21 Mar 2023
Global law firm DLA Piper has appointed Waranon Vanichprapa as sole country managing partner in Bangkok, effective immediately, in a move to further strengthen its Southeast Asia footprint.
20 Mar 2023
Meyer Frucher, a former NASDAQ vice-chair, has over 25 years of stock exchange experience
14 Mar 2023
Endowus, a digital wealth management platform based in Singapore, has appointed Hugh Chung as its chief investment advisory officer.
14 Mar 2023
Digital service provider Azqore has appointed Pierre Masclet as chief executive officer, effective May 1. He succeeds Pascal Exertier, who is retiring.
13 Mar 2023
Citi has appointed Bhanu Vohra as head of commercial banking, India. He replaces Tushar Vikram, who becomes the global head of healthcare for CCB.
10 Mar 2023
