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Sunday, 16 June 2019

Regulation

China calms nerves over banks

IFR 2288 15 June to 21 June 2019

China last week moved to ease concerns over the health of smaller lenders with an unprecedented credit guarantee, amid warnings that low-tier banks may still find it hard to access funding after the state takeover of troubled Baoshang Bank.

US Congress takes aim at China IPOs

US Congress takes aim at China IPOs

IFR 2288 15 June to 21 June 2019

The US-China trade war is spilling over into the capital markets after US legislators tabled measures that could block Chinese companies from going public in the US and force the delisting of a host of well-known companies including Alibaba, JD.com and PetroChina.

'Special bonds' set to power China projects

IFR 2288 15 June to 21 June 2019

China has allowed some of the proceeds from “special bonds” used to fund local government infrastructure projects to count as capital, in a move that could inject trillions of renminbi into the country’s slowing economy.

Citi suspended as JGB primary dealer

IFR 2288 15 June to 21 June 2019

Citigroup has been suspended from underwriting certain types of Japanese government bond auctions after one of its employees was found to have rigged futures prices.

RBI rewrites restructuring rules

IFR 2288 15 June to 21 June 2019

The Reserve Bank of India has released a new framework for the resolution of stressed assets that gives more flexibility to lenders to resolve bad debt without making it mandatory for them to refer stressed accounts to bankruptcy courts.