Bank of China has tapped the European bond market to finance steel projects in Hebei province, in a first of a kind issuance involving a financial institution.
Bank of Communications' new offshore issue follows updated guidelines from country’s regulator and could pave the way for similar issuance from other domestic banks.
With commercial banks now getting involved, Asian issuers and investors are starting to pay more attention to environmental, social and governance issues.
Once considered bull market products, perpetuals are increasingly becoming a more regular component of a borrower’s arsenal. But are bond investors being lulled into a false sense of security about the asset class again?
Attracted by a welcoming investment climate and driven by its Belt and Road Initiative, China is the largest investor in East Central Europe by some measure. But keep your eyes out for Korea also as its investment levels in the region are surging.
Livi VB, SC Digital Solutions and ZhongAn Virtual Finance are the first three applicants to win a virtual bank licence in Hong Kong. And they are using fintech to control the risk.
Huge issuance requirements combined with a small international investor base pose unique challenges for China’s big four banks as they gear up to raise billions of dollars of capital.