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Tuesday, 23 July 2019

Upfront

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  • Broken record

    The first-quarter record for Asia’s high-yield bond market may not be all that it seems. Those preparing to pile in would do well to be sceptical.

  • Fortune favours the bold

    When it comes to selling high-yield bonds, Chinese property companies are racing to get ahead of each other – and even their own shareholders.

  • Beyond the Great Wall

    The wall around China’s capital markets is coming down, fast. With onshore bonds alread poised to enter global emerging market indices from April 1, regulators sprang a surprise late on Friday with licences for two new foreign-controlled securities joint ventures.

  • Racing unicorns

    China’s new technology board is still months away from becoming reality, but it is already looking likely to surpass initial expectations.

  • Fighting talk

    In 2012, as part of its annual investor conference, CLSA invited its top fee-paying clients to a private dinner where they would have the chance to throw questions at former boxer Mike Tyson.

  • The REIT recipe

    Real estate owners are having a tough time in the capital markets, but the REIT product still has a lot to offer for those who can get it right.

  • Out of control

    In a world where banks have been beaten down by fines regularly running into the billions of dollars or euros, it is tempting to write off Hong Kong’s US$100m of penalties against four IPO underwriters as small-fry. The message they send, however, is significant.

  • Sponsor support

    China’s securities regulators are taking a leap of faith with the rollout of the new tech board in Shanghai. But they are clearly still nervous about the idea.

  • Under one roof

    Singapore underlined its conservative nature when it banned a concert by Swedish black metal band Watain last week, but its previously staid bond market looks like it’s about to let its hair down.

  • Debt and deniability

    The collective determination to ignore signs of trouble in China’s bond market is becoming alarming.