As 2019 draws to a close, the year will surely be remembered as the moment when Asia’s capital markets reached a new stage of maturity.
With tensions between the US and China simmering in the background throughout the year, Asian companies were still able to access capital when needed, and capital allocation became much more efficient. The uncertain backdrop made investors selective, and even the underdeveloped Chinese credit market showed signs of differentiating between good prospects and bad.
In the equity markets, follow-on offerings and...Read more
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