Investment banks favour loans over junk bonds
Firms from JP Morgan Chase to Morgan Stanley are shifting their preference to leveraged loans over junk bonds, seeking debt that offers higher claims on corporate assets as the economy…
Many still prefer the lure of property, says survey
A CPA Australia survey shows that more than 25 per cent of Hong Kong investors still prefer to put their money into property, another sign that investors are ignoring the…
Citic seeks ¥10b for aggressive takeover fund
Mainland brokerages are expected to inject new life into the country’s sluggish private-equity sector after the regulator waived rules to help them diversify their revenue sources. Citic Securities, the mainland’s…
The growing ranks of Hong Kong’s day traders
Leung Siu-hong’s day job is selling Hong Kong real estate. In August, he picked up another activity: trading stocks, joining the growing ranks of Hong Kong’s so-called day traders. The…
IPOs: It’s all about timing
Shanghai Fosun Pharmaceutical last week pushed back the launch of its US$ 600 million initial public offering from October 11 to, most likely, today – possibly putting it on track…
Stock Watch: City Telecom
Business transformations are highly risky and can go horribly wrong. One home-grown example is Boto, which was one of the world’s largest artificial Christmas tree makers. In 2002 it sold…
Top fund favours corporateson slowdown end
The mainland’s top-performing bond fund manager says corporate debt will outperform government notes as economists have overestimated the need for monetary easing to revive the economy. Wanjia Asset Management, which…
Huijin’s vow powers rush into Hong Kong stocks
The Hong Kong share market rose yesterday to its highest level since May 3 as investors flocked into mainland-related stocks on speculation that Beijing may have more market-boosting measures in…
Mainland investors take flight on news of IPO resumption
The mainland’s securities regulator will vet two applications for initial public offerings tomorrow, dashing investors’ expectations that it would stem the supply of equities to bolster the market. The benchmark…
Wall St says ’enough’ to minuscule India state deal fees
Wall Street banks have had enough of heavy work for puny paychecks on Indian government share sales – at least when it comes to smaller or difficult deals. That choosiness…
