Country Report
Asia’s Big-Project Funding Gap
<strong>ASIA |TheAsian Infrastructure Investment Bankbegan its efforts tofinance Asia’s vast need for infrastructure this year. What are the prospects?</strong>
Asia Pacific
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Capital Raising & Corporate Finance
MSCI Tells China To Wait, May Reclassify Nigeria
China’s recent efforts to make it easier for global investors to access its enormous stock markets in Shanghai and Shenzhen were not enough to persuade MSCI to include these “China A shares” in its widely followed Emerging Markets Index just yet.
Banking
Asia Has Most Wealthy And Most Wealth
For the first time, Asia’s super-rich have surpassed their North American counterparts in both population and wealth. China and Japan, in particular, stood out as wealth powerhouses despite a volatile year for Asian equity markets. Asia Pacific’s 5.1 million high-net-worth ...
Economics, Policy & Regulation
Assuming The Mantle Of Asia’s Financial Hub
Singapore has overtaken Hong Kong as Asia’s top financial center and now ranks third globally behind London and New York. This is the key takeaway from the latest Global Financial Centres Index (GFCI), a ranking by British commercial think-tank Z/Yen Group.
Features
Bangladesh: Full Of Potential
The fast-growing nation is actively seeking FDI, but foreign investors must contend with endemic corruption and layers of bureaucracy.
Features
China Battles Aging And Debt
Arthur Kroeber, head of research and founding partner of Gavekal Dragonomics, spoke with Global Finance about China’s politics, its markets and its future role in the global economy.
News
Philippine President Sparks Market Jitters
<strong>Philippines</strong><br />
Investor unease over the future of the Philippines, one of Southeast Asia’s fastest-growing economies, has soared following Rodrigo Duterte’s landslide victory in the May presidential election.
Award Winners
Q+A: Dato’ Muzaffar Hisham; CEO of Maybank Group Islamic Banking
Maybank Islamic is developing outside Malaysia, establishing a footprint in the region. With a return on equity of 16%, achieved despite a capital ratio of 17%, the trick will be to sustain the bank’s bullish approach to investing despite the country’s economic downturn.
News
US Execs Flock To China—Then Flee
<strong>China</strong><br />
When Alibaba announced in May that it was hiring former Goldman Sachs managing director Douglas Feagin to run the international unit of its finance arm, Ant Financial, many observers had a sense of déjà vu.<br />
Capital Raising & Corporate Finance
China’s Currency Fixings Suggests Move Toward Market Rate
The People’s Bank of China has introduced bigger movements in its daily fixings of the country’s currency against the dollar. If sustained, this subtle change could signal that the central bank is preparing to allow greater flexibility in foreign exchange trading.
Capital Raising & Corporate Finance
Dealmaking Declines Despite China’s Record Overseas Buying
Following a record-breaking year for worldwide mergers and acquisitions, dealmaking declined to a two-year low in the first quarter of 2016.
Capital Raising & Corporate Finance
Defense Spending Sparks Global Interest
India’s “Make in India” campaign has begun to pay dividends in the defense sector—a field where sharing of technology, processes and patented know-how by global giants does not happen easily.