China’s central bank has announced that international and overseas development agencies are now allowed to issue yuan-denominated bonds in the country, as China seeks to expand its bond market. To be qualified to issue such bonds, an international institution must already have provided loans to Chinese companies or projects of more than US$1bn. This is in accordance with new regulations issued in February 2005 by the People’s Bank of China, the Ministry of Finance, the National Development and Reform Commission and the China Securities Regulatory Commission. This announcement comes at a time when China is seeking to develop new sources of funding beyond bank lending.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.