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A half-century long strategy, led by corporations, Wall Street, governments, and central banks, is coming undone. As a result, the West’s authorities now face an impossible choice: push conglomerates and states into cascading bankruptcies or allow inflation to go unchecked
25 Jun 2022
Editor's choice
Even as China’s slowing economy and tightened Covid-19 restrictions continued to dampen consumer sentiment, e-commerce platforms and consumers came out in full force for this year’s June 18th Shopping Festival, the country’s largest mid-year online shopping event.The B2C affair saw total turnover of 695.9 billion yuan (US$103.7 billion), up 13.5% from last year, according to market data.
24 Jun 2022
Editor's choice
The global economy is expected to slow down this year, and into 2023, as inflation, rate hikes, geopolitical conflicts and Covid-19 continue to create headwinds that are likely to result in the deterioration of underlying conditions for various business sectors. In separate reports outlining their mid-year outlook for this year, Allianz Global Investors, Fitch Ratings and Coface reassessed their respective forecasts, citing risk factors that they think make a “hard landing” in 2023-2024 more likely.
22 Jun 2022
Editor's choice
The Asset recently spoke to Radek Jezbera, chief executive officer of Kilde, an alternative investment platform licensed by the Monetary Authority of Singapore, on the state of the BNPL business amid current market developments.
23 Jun 2022
Editor's choice
Hanoi leader target climate-change finance of women-owned and -led businesses, SMEs
22 Jun 2022
Editor's choice
MSCI launches next-generation equity factor models to help investors better understand the factors that drive portfolio risk and performance amid volatile market conditions.
16 Jun 2022
Editor's choice
South Korea-headquartered Mirae Asset Global Investments and its New York-based subsidiary Global X ETFs have completed the acquisition of ETF Securities, an independent provider of exchange-traded funds in Australia. Financial details of the deal were not disclosed.
17 Jun 2022
Editor's choice
London-based sustainable infrastructure investor Actis has agreed to acquire a portfolio of six in-operation toll road projects in India. Welspun Enterprises Limited (WEL) is disposing of the assets for an aggregate enterprise value of US$775 million.
22 Jun 2022
Editor's choice
ESG Forum
Although US President Joe Biden has now identified inflation as his top economic-policy priority, his administration’s efforts to ameliorate the problem have been ineffective and even counterproductive. As if that weren’t bad enough, most of its recent actions run counter to its professed environmental and climate goals
22 Jun 2022
Renewable energy was a key issue that led to a change of government in the recent Australian election. And the groundswell of public opinion in support of climate action is sweeping other parts of Asia-Pacific as well, according to Ben Arnott, head of energy finance and advisory, Southeast Asia, at Société Générale.
20 Jun 2022
Focus on tech- and nature-based solutions, carbon ecosystem enablers
17 Jun 2022
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Carbon credit exchange Climate Impact X (CIX) is collaborating with Respira International, a carbon finance business, to hold a major auction of nature-based carbon credits.
The auction will offer access to 600,000 tonnes of voluntary carbon credits from three key projects in Respira’s portfolio via an interactive and transparent bidding process supporting competitive price discovery.
15 Jun 2022
Untapped market holds significant potential to meet nation’s growing power needs
14 Jun 2022
Malaysia’s sovereign wealth fund Khazanah Nasional has launched a sustainability framework and announced a series of medium-term targets to deliver sustainable value for itself and its investee companies by integrating environmental, social and governance (ESG) considerations into their core business.
13 Jun 2022
Game-changing ban on fossil fuel financing, phase-out of coal from power grids, electricity sector
10 Jun 2022
Scope 4 measurement serves as positive reinforcement, fostering innovation in low-emission products and encouraging big emitters to scale up their transition efforts. It is different from the punitive nature of Scope 1 to 3 measurements where at-risk entities are red-flagged for their high emissions.
10 Jun 2022
Transaction banking solution enables companies to embed sustainability into cash management
7 Jun 2022
The Asset Talk
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TechTalk
Even as China’s slowing economy and tightened Covid-19 restrictions continued to dampen consumer sentiment, e-commerce platforms and consumers came out in full force for this year’s June 18th Shopping Festival, the country’s largest mid-year online shopping event.The B2C affair saw total turnover of 695.9 billion yuan (US$103.7 billion), up 13.5% from last year, according to market data.
24 Jun 2022
Private market exchange ADDX is teaming up with China Construction Bank (CCB) for the custody and distribution of a US$200 million quota allocation under the Qualified Domestic Limited Partnership (QDLP) scheme.
23 Jun 2022
Singapore has granted in-priciple approvals to three more fintech companies to offer digital payment token (DPT) services in the country, highlighting its resolve to become an international financial technology hub amid a crash in the prices of bitcoin and other crypto assets.
23 Jun 2022
Paperless solution allows SMEs to access same-day financing by leveraging alternative data
21 Jun 2022
Indonesia, Philippines have highest numbers of outbound remittances from Malaysia, Singapore
21 Jun 2022
Downloads of fintech apps from both Google Play Store and Apple’s App Store surpassed 6.1 billion in 2021, up 25.2% from the previous year, with majority of the downloads from Asia.
17 Jun 2022
Focus on tech- and nature-based solutions, carbon ecosystem enablers
17 Jun 2022
As the world continues to recover from the negative impacts of the Covid-19 pandemic, companies are exploring new tools to better engage with consumers. One area that is gathering much attention is the metaverse, which enables users to interact in a virtual world by using VR headsets. Meta (formerly Facebook), for example, has seen its virtual world platform Horizon Worlds grow its monthly user base 10-fold since its launch in December 2021.
17 Jun 2022
Project Syndicate talks with lecturer and economist Marion Laboure, who puts the plummeting value of bitcoin and other crypto currencies in perspective, considers how financial technologies can boost financial inclusion and reduce inequality, and highlights the vulnerabilities illustrated by the TerraUSD
16 Jun 2022
World’s largest crypto exchange accused of endangering country’s crypto traders
15 Jun 2022
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Insightful debate among regulators, issuers and investors -
SummitESG regulations and frameworks: Implications for asset owners and managers30 Jun 2022
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Webinar7th Asia Sustainable Infrastructure Finance Leaders Dialogue07 Jul 2022
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WebinarBeyond Covid: Emerging trends in a changing lending landscape18 Jul 2022
Treasury & Capital Markets
Houlihan Lokey, Inc., a global investment bank based in Los Angeles, California, has appointed Zili Shao as senior adviser as the firm looks to further develop its financial restructuring business in Greater China.
24 Jun 2022
Even as China’s slowing economy and tightened Covid-19 restrictions continued to dampen consumer sentiment, e-commerce platforms and consumers came out in full force for this year’s June 18th Shopping Festival, the country’s largest mid-year online shopping event.The B2C affair saw total turnover of 695.9 billion yuan (US$103.7 billion), up 13.5% from last year, according to market data.
24 Jun 2022
Citi has appointed Tim Monger as head of its North & East Asia (NEA) cluster and Amol Gupte as head of the South Asia & Asean (SAA) cluster, effective immediately.
23 Jun 2022
Shui On Centre Co Ltd has raised HK$5.75 billion (US$732. 45 million) in its first asset-backed syndicated sustainability-linked loan.
22 Jun 2022
DBS has extended a green loan amounting to A$295 million (US$204.72 million) to Singapore’s sovereign wealth fund GIC for the refinancing of Chifley Tower Sydney, a development certified for its sustainability in Sydney’s central business district.
22 Jun 2022
The Monetary Authority of Singapore (MAS) has announced the first use case of NovA!, an artificial intelligence (AI) tool to assist financial institutions (FIs) in evaluating the sustainability performance of the country’s real estate sector.
22 Jun 2022
Paperless solution allows SMEs to access same-day financing by leveraging alternative data
21 Jun 2022
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has concluded a landmark US$1 billion syndicated loan facility, setting another milestone in its offshore fund-raising activity. This is to date the largest-ever medium- and long-term syndicated loan for a Vietnamese financial institution. The amount was upsized from the initial target of US$700 million on the back of strong market response.
21 Jun 2022
Wealth
Private market exchange ADDX is teaming up with China Construction Bank (CCB) for the custody and distribution of a US$200 million quota allocation under the Qualified Domestic Limited Partnership (QDLP) scheme.
23 Jun 2022
New hires Thomas Roland-Guyot, William Shi, Nikki Yeung all industry veterans
23 Jun 2022
The global economy is expected to slow down this year, and into 2023, as inflation, rate hikes, geopolitical conflicts and Covid-19 continue to create headwinds that are likely to result in the deterioration of underlying conditions for various business sectors. In separate reports outlining their mid-year outlook for this year, Allianz Global Investors, Fitch Ratings and Coface reassessed their respective forecasts, citing risk factors that they think make a “hard landing” in 2023-2024 more likely.
22 Jun 2022
Kuala Lumpur-based Affin Hwang Asset Management has launched a Shariah-compliant retail fund that provides investors access to thematic opportunities through a multi-asset approach including global equities and sukuk.
22 Jun 2022
Fullerton Fund Management has appointed Angus Hui as head of fixed income, effective June 20. He will report to chief investment officer Ken Goh.
17 Jun 2022
South Korea-headquartered Mirae Asset Global Investments and its New York-based subsidiary Global X ETFs have completed the acquisition of ETF Securities, an independent provider of exchange-traded funds in Australia. Financial details of the deal were not disclosed.
17 Jun 2022
Asia Connect
A new study has identified 54 markets globally, including eight in Asia-Pacific, that show huge potential for floating offshore wind (FOW) development. According to the report, Floating Offshore Wind International Market Opportunities, prepared for the Floating Offshore Wind Centre of Excellence (FOW CoE) in collaboration with Offshore Wind Consultants (OWC), FOW can play a significant role in helping countries achieve their net-zero targets, with emerging players such as China and India potentially sharing in the 250 gigawatts of projected generation capacity by 2050.
22 Jun 2022
ConocoPhillips and Eni are the two latest international oil and gas companies to sign deals with QatarEnergy for its North Field East LNG expansion project. The US$30 billion project has already signed up TotalEnergies as a partner.
22 Jun 2022
China Three Gorges Spain (CTGS) will acquire 619 megawatts of solar photovoltaic assets across the regions including Andalucia, Castilla-La Mancha, Comunidad Valenciana and Extremadura.
22 Jun 2022
London-based sustainable infrastructure investor Actis has agreed to acquire a portfolio of six in-operation toll road projects in India. Welspun Enterprises Limited (WEL) is disposing of the assets for an aggregate enterprise value of US$775 million.
22 Jun 2022
Oil and gas major BP has agreed to acquire a 40.5% equity stake in the Asian Renewable Energy Hub (AREH) and become the operator of one of the world's largest renewables and green hydrogen energy hubs based in Australia.
21 Jun 2022
Huaneng Tiancheng Financial Leasing has secured a three-year 187 million yuan (US$27.8 million) account receivable financing facility to fund its direct leasing for two wind power projects in China. The deal marks Deutsche Bank’s first sustainable trade finance transaction aligned with the Common Ground Taxonomy (CGT)
15 Jun 2022
Japan Bank for International Cooperation (JBIC) has signed a memorandum of understanding with Colombian state-owned oil company Ecopetrol to explore opportunities in clean energy.
15 Jun 2022
Project financing has been put in place for a 30-megawatt floating offshore wind farm about 16 kilometres off the French Mediterranean coast, in the Gulf of Lion.
15 Jun 2022
Dajin Heavy Industry has won a contract to supply XXL monopile foundations for a wind farm off the coast of Scotland. The 860-megawatt Moray West project is being principally developed by Ocean Winds, a 50-50 joint venture between EDP Renewables (EDPR) and Engie. A small minority stake is held by UAB Ignitis Renewables.
15 Jun 2022
Qatar and the United States are pressing ahead with the massive expansion of their respective liquefied natural gas export capacity, moves that are expected to dramatically alter the global LNG market in the medium term.
15 Jun 2022
On The Move
Houlihan Lokey, Inc., a global investment bank based in Los Angeles, California, has appointed Zili Shao as senior adviser as the firm looks to further develop its financial restructuring business in Greater China.
24 Jun 2022
New hires Thomas Roland-Guyot, William Shi, Nikki Yeung all industry veterans
23 Jun 2022
Daleep Singh is a former deputy US national security adviser, treasury official, Goldman Sachs employee
22 Jun 2022
Felicity Chan and Adrian Lee have extensive capital markets experience in region
20 Jun 2022
Fullerton Fund Management has appointed Angus Hui as head of fixed income, effective June 20. He will report to chief investment officer Ken Goh.
17 Jun 2022
ING Bank has appointed Anand Sachdev as country manager of Singapore, effective June 21. He will report to Anju Abrol, head of wholesale banking for Asia-Pacific. Sachdev succeeds Erwin Maspolim, who will take on the responsibility of covering Indonesia and Vietnam as head of Southeast Asia – representative offices
16 Jun 2022
Matthew Harrison, Tariq Ahmad have extensive investment management experience
15 Jun 2022
Credit Suisse has announced key leadership appointments in Asia-Pacific, effective June 1, coinciding with the assumption into office of Edwin Low as chief executive officer for the region and a member of the executive board.
15 Jun 2022
Hannes Hofmann has over 20 years of global institutional wealth experience
15 Jun 2022
Cooper Abbott has two decades of senior investment management experience
15 Jun 2022
