Fixed Income Securities

31 Dec 2012

Fixed income was the hot asset of 2012, producing equity-like returns for debt-like risks. Within it, Asian bonds issued in US dollars produced stellar returns for investors.

4:58AM

Bocom gets ready for loan-backed product launch

16 Jul 2012

Bank of Communications (Bocom) is gearing up to issue a securities product backed by collateral loans as Beijing prepares to reopen the asset-backed securities (ABS) market after a three-year...

9:26PM

Minibond saga drawing to a close

4 Jun 2012

As the closing chapter to the Lehman Brothers minibonds settlement, about 3,000 people who invested in the four series of minibonds directly issued by Lehman Brothers will get up to 70 per cent of...

4:38PM

Car finance firm to sell securities backed by assets

5 Mar 2012

GMAC-SAIC Automotive Finance, the financing arm of General Motor's joint venture with Shanghai Automotive Industry Corporation, is set to issue a securities product backed by car loans.

9:16AM

Smart money

5 Mar 2012

As Europe implodes in slow motion and the region's debt crisis threatens to drag the world down with it, Extreme Money: Masters of the Universe and the Cult of Risk by Satyajit Das is a timely...

9:11AM

First-to-default notes a blast from the past

12 Dec 2011

American comedian Will Rogers observed: 'You can't say civilisation don't advance ... in every war they kill you in a new way.'

Having barely survived the implosion of minibonds...

3:09AM

Opinion

Howard Winn

Ferry companies shouldn't be subsidised while they burn dirty fuel

Updated 2:53AM

Shirley Yam

What were our top officials doing to let HKMEx fail?

Updated 2:53AM

Bonds away

There is a lot of confusion about minibonds. Given the size of settlements, the instruments were not mini, and they weren't bonds either. They were complex investments that involved a troublesome...

11:30PM

HKEx eases fears over derivatives

Investment banks will be banned from issuing warrants or other derivatives if their ratings fall below a certain threshold, Hong Kong Exchanges and Clearing said yesterday.

8:20PM

The world can still come tumbling down for cornerstone investors

The market rout and volatility in Asia, and around the world, is likely to lead to an increasing number of cornerstone tranches in IPOs.

6:06PM

Hui Xian Reit fails to impress on debut

Hui Xian Real Estate Investment Trust, the first yuan-denominated share offering outside the mainland, had a less than stellar debut, dropping 9.35 per cent.

9:00AM

HKMC profit rises 22.7pc

Government-owned Hong Kong Mortgage Corporation's post-tax profits increased by 22.7 per cent last year to HK$1.23 billion. The profit growth was driven by low interest rates and good loans...

7:45AM

Of human mini-bondage

Does persistence and sheer bloody-mindedness pay off? Indeed, is it wise for investors to take on powerful financial institutions when they appear to have the backing of official regulatory bodies...

7:01AM