IFR Asia’s editor forewarned me last week that this would be the 1000th edition of the publication and I naturally volunteered to write something that would hopefully chime with this auspicious landmark. So here goes.
I find it rather peculiar that the ASEAN Economic Community, which envisages a European Union-style single market in Asia, was launched officially in late 2015.
The head of China’s largest bank sees credit risks, interest rate liberalisation and fintech as the biggest challenges for the country’s banking sector.
I gave fintech something of a mauling in this column a year ago, or at least in its application to the bond markets. I wrote that it was unlikely to supplant the old fashioned face-to-face or voice-to-voice modus operandi which continues to prevail in the primary markets and a large swathe of the secondary market.
If it looks like a bubble, feels like a bubble… okay, you know how that one goes. These days, I can’t help feeling that this may be an apt metaphor for foreign currency bonds issued in Taiwan’s Formosa bond market. But maybe I’m just too early.
Barely a week goes by that the global ESG community doesn’t have something tangible to crow about. Even when the news is apparently negative, such as the withdrawal of the United States from the 2015 Paris climate change agreement, no matter: ESG wonks can at least claim the moral high ground as they throw their arms in the air at President Trump’s crassness.
Chatter around Asia’s infrastructure funding gap has reached fever pitch, but I’m tired of the thrust of a discussion that’s shrouded in policy, politics and hope.