Articles by Georgina Lee
Taiwan's Gretai Securities Market to set up trade repository
Taiwan's Financial Supervisory Commission wants Gretai Securities Market to run an OTC trade repository for all asset classes. The move comes as large dealers fear a proliferation of new repositories in Asia will place an undue reporting burden on their…
Offshore CNY deliverable forwards in Hong Kong to outgrow NDFs
Rising offshore renminbi interbank rates in Hong Kong have made its deliverable forwards market the cheapest forum compared with NDFs and onshore forwards for corporates to hedge, bankers say
Foreign banks get temporary respite from China’s new ‘Volcker rule’
Foreign banks in China, particularly thinly capitalised branches that are not locally incorporated in the country, greeted a decision by China’s banking regulator to postpone rules aimed at limiting non-hedging business onshore with relief this month…
Taiwan's regulators express concern over product approvals
Taiwan's regulators express concern over product approvals
Trouble in Taiwan's structured notes market
Tension in Taiwan
Spot USD/CNH fixing in HK poised to become derivatives benchmark
Hong Kong interbank participants have created the first US dollar to offshore renminbi price fixing giving the city first-mover advantage in becoming an offshore centre for renminbi products such as derivatives, say market participants
Chi-East moves to connect Asia's dark pools
Joint venture between Singapore Exchange and Chi-X Global expects to announce four new members in the next two months
China banking regulator eases lending rules for small businesses
The China Banking Regulatory Commission has eased regulatory capital requirements on the small business lending activities of banks, effectively carving these out from loan-deposit ratios. The move looks set to bolster lending to small enterprises while…
Chinese banks stake their future on SME loans
The SME revolution
HKEx secondary market facility needs to withstand extreme offshore CNY liquidity crunch
HKEx says its proposed renminbi secondary market liquidity support mechanism for renminbi listed stocks is undergoing stress tests to ensure the facility is sizeable enough to support the healthy development of an offshore renminbi equities market in…
New loan-loss reserve requirement under Basel III set to crimp profits at Chinese banks
A new 2.5% minimum loan-loss reserve requirement to be implemented in China under Basel III is likely to reduce the ability of banks to distribute profits to shareholders
New central securities company to facilitate short selling in China
One of China's leading securities houses sees a bright future for domestic investment banks developing hedge fund-like trading businesses, once securities short-selling is further liberalised on the mainland through the establishment of a central…
Commonwealth Bank of Australia increases Asian rates trading in Singapore
Commonwealth Bank of Australia is expanding the depth of its Asian interest rates market coverage by hiring new staff in Singapore. The bank is also looking into moving some of its commodities traders to the Lion City
Everbright Securities plots to become derivatives force in China
Showcasing structures
HKMA warns on US dollar funding risk from China corporate lending
Hong Kong branches of Chinese commercial banks are increasingly lending US dollars to state-backed enterprises. The surge in dollar demand from Chinese corporates comes as lending is squeezed onshore by Beijing's efforts to limit the credit growth of…
Capital gains tax provisions on QFII stalk China A-share ETFs
Fund managers active in offshore-listed China A-share ETFs say a 10% provision set aside for capital gains tax on A-share trading related to P-note issues is increasing tracking error for some funds. Meanwhile, others are ignoring the tax risk altogether…
CSRC rules make it hard to tackle China ETF premium and tracking error issues
China conduit concerns
Offshore renminbi structured notes for Singapore
Offshore renminbi structured notes for Singapore
Yen interbank funding market calm as government bond yields retrace
The reduced scale of hedge fund carry trade activities compared with previous crises such as the collapse of Lehman Brothers in 2008 has reined in potential increases in the yen libor rate and short-end JGBs.
China and HK central banks close to finalising new CNH clearing arrangement
Market participants are close to completing the legal and operational details relating to a new custodian account arrangement that would allow the city's participating banks in offshore renminbi to take credit risk against the People's Bank of China…
Video: BlackRock's Deborah Fuhr on ETF development in Asia
Retail and institutional investors have increasingly embraced exchange-traded funds (ETFs) in Asia as a component of their asset allocation strategies
Electronic trading and clearing of NDFs poised for growth in Asia
Asian regulators are expected to closely follow their peers in the US and Europe in demanding swap execution facilities and over-the-counter derivatives clearing in Asia. This may bolster e-trading for NDFs based on Asian currencies
Transition Management Forum Asia 2011: Asset owners warned that fixed income transitions require different skill sets
Fixed-income investments are becoming increasingly popular in Asia, but less transparency in secondary fixed-income market trading compared with traditional equities means institutional investors need to pay particular attention to the ability of service…
HKEx to launch renminbi secondary market facility to support IPOs
The exchange says the new offshore renminbi secondary market liquidity pool will not introduce additional counterparty or forex risk, thanks to a back-to-back arrangement with interested partner banks and brokers