Debate is raging about whether fund flows out of bonds and into equities signals a fundamental shift in capital markets. ECM and DCM chiefs at the biggest investment banks say there is no direct trade-off between the two asset classes, but they do expect dealflow to change.
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Brazil’s confounding equity market can rise even when the economy dives and political scandals break. However, 2016 was so chaotic that initial public offerings struggled to launch. Politics permitting, things are about to change, writes Thierry Ogier.
China’s domestic bond market is the third largest in the world, yet it is largely untouched by foreign borrowers. Danielle Myles looks at the five hoops that panda bond issuers must jump through to access what is tipped to become Asia’s most important asset class.
Alejandro Berney, chief executive of Argentina's central depository Caja de Valores, talks to The Banker about how the country can defy the naysayers and enjoy a bright capital markets future.
Data and technology are pushing the boundaries of primary and secondary market infrastructure. Danielle Myles examines how banks have found ways to remain valuable to their clients.
Postal Savings Bank of China has thrown its doors open to global investors with a jumbo Hong Kong IPO. While the share price has not moved much since the deal closed, the Hong Kong listing offers long-term benefits to the lender, which is eyeing potential business overseas. Stefania Palma reports.
As Mongolia's economy slows, the chief executive of its stock market, Bolor Munkhsaikhan, tells Stefania Palma about efforts to deepen local capital markets to help hedge against a volatile currency and to diversify corporate borrowing away from bank loans.
South Korea’s sound but stagnant capital markets are failing to attract investors. With the main index in the doldrums, the government is now intervening with revitalisation measures such as the launch of a new over-the-counter market. Michael Imeson reports.
Growth-linked sovereign bonds sound desirable in theory but have long been considered impossible in practice. Now a small group of investors, lawyers and trade bodies is working hard to turn the idea into reality. Danielle Myles reports.
Clearing has become an early battleground in the UK's – and therefore London's – exit from the EU, but political posturing has been followed by calls for calm. Over the long term, however, nothing is being ruled out. Danielle Myles reports.