Edmund Leong, head of Group Investment Banking at UOB, talks exclusively to FinanceAsia about where the bank sees scope for growth in Asean amid the region’s robust drivers of issuance and strong thematics.
Beijing will issue a spree of special-purpose bonds in order to help meet the ambitious GDP target, but more reforms are likely needed to boost output.
China is planning to introduce a slew of policies to achieve more distribution of wealth. This will potentially lead to regulatory uncertainty in the near term, while the longer-term results will largely depend on how effective the new policies are implemented.
The absence of an independent judiciary is the reason why China’s financial markets remain underdeveloped, according to an adviser to the country's central bank.