As US and European regulators put the final touches to new proprietary-trading rules for banks, some Asian firms are building out desks that make bets with their own money.
UBS Securities’ acquisition of a small Chinese futures broker shows that the growing mainland market for more sophisticated products is attracting the attention of foreign investors.
A default in China’s Rmb10.1trn (US$1.67trn) trust market has underscored the need for a more transparent way of dealing with delinquent debts that fall on the fringes of the country’s banking system.
- Aussie firms on the move in PRC
- Mutual funds turning to pre-IPO deals
- China M&A fee pool expands
- Hong Kong banks in high demand
- Goldman's Dees to go to San Francisco
- Volcker to test Asian liquidity
- Banks position for China IPO restart