4/7/2017/Fitch Ratings The “Bond Connect” scheme that provides a new channel for foreign investors to access China’s onshore interbank bond market (CIBM) is another example of the authorities’ recent efforts to encourage portfolio inflows, and may help put renminbi internationalisation back on track after a lack of progress in recent […]
Updates
Fitch: European AT1 Market Resilient to Losses, Volumes Increase in 2Q17
4/7/2017/Fitch Ratings Investors in European Additional Tier 1 (AT1) securities were confronted with the first write-down and the first coupon omission in June, says Fitch Ratings. However, despite a slowdown in issuance since then, the USD30 billion Basel III AT1 and T2 CoCos issued in 2017 to date were up […]
The Decent Buffer of Reserves; Declined by US$40m in June
Culled—Proshare July 5, 2017/FBNQuest Research Gross official reserves declined by just US$40m in June to US$31.3bn. Since end-October there has been an accumulation of US$6.3bn although the past two months have brought a combined decrease of US$580m. In the context of the sharp fall in imports in the recession, and […]
