Hurricanes Harvey and Irma are likely to see insurance-linked securities (ILS) grow into maturity as a fully-fledged asset class, industry experts predict.
The world’s second-biggest economy will grow faster than previously predicted over the next four years, but the rate is unsustainable unless China addresses the problem says the International Monetary Fund.
A poll by MarketInvoice also found that relatively few business leaders would consider speaking directly to a bank.
The world’s third-largest economy expanded by 1.0% in the second quarter of 2017 over Q1, giving an annual rise of 4.0% in gross domestic product for the year to June.
The decision by MSCI to include China shares in its Emerging Markets Index is called “a pivotal moment for global investment”.
The new rules are reported to centre on a new class of “simple, transparent and standardised” products.
The Nordic bank predicts that issuance will rise to at least US$125bn this year, with a potential upside of US$150bn.
President Xi Jinping’s plan is supported by Russia and Turkey, but regarded with suspicion by major economic powers such as India and Japan.
The digital currency has risen sharply since the start of the year and is above the US$1,800 level for the first time.
The pace of change and transformation across the financial services industry created by new technology will see emerging trends extend worldwide over the next few years.