Jasper Moiseiwitsch

It is as if the mainland never heard of the global financial crisis. Regulators in that market are embracing securitisation – the type of structured debt that took global banking to the brink of collapse in 2008-09 – with the zeal of the newly initiated.


China Vast Industrial Urban Development filed a prospectus for an initial public offering with the Hong Kong exchange on Wednesday.

Sunshine Oilsands reported on Wednesday an interim net loss of C$13.1 million (HK$92 million), a 20 per cent improvement on last year’s first half.

Li Ka-shing is set to sell Shanghai property assets worth almost HK$6 billion, bringing the value of disposals made by him on the mainland and in Hong Kong since August last year to about HK$25 billion.

Wanda Commercial Properties (Group) is taking part in a joint venture in Australia valued as much as HK$7.5 billion with its parent firm.

Orient Overseas (International) Ltd (OOIL) returned to the black in the first half of the year on the back of a pickup in the container shipping industry and stringent cost controls.

Hong Kong Exchanges and Clearing chief executive Charles Li Xiaojia has spelled out in his official blog many hurdles presented by the Shanghai-Hong Kong Stock Connect.

Hong Kong-listed Brightoil Petroleum has announced the finalisation of a US$1 billion acquisition of oil blocks in northeast China from Anadarko Petroleum.

Earnings at Hong Kong-listed Orient Overseas (International) Ltd (OOIL) turned around sharply in the first half of the year.

Sunwah Kingsway is the busiest IPO bank you have never heard of. The firm is one of the most active houses for leading small-cap initial public offerings on the Hong Kong exchange.

Following a big spike in the past five years, share buy-backs by Hong Kong firms are in decline. At the rate seen in the year to date, Hong Kong will see just a quarter of the buy-back approvals granted last year.

Public demand for iBonds has fallen 27 per cent from last year, data from the Hong Kong Monetary Authority (HKMA) shows.

Chinese coal miner Hidili Industry International Development disclosed on Friday a loss of 968.68 million yuan (HK$1.22 billion) in this year’s first half.

Analysts' recommendations are certainly not the only reason to trade a stock, but they can help investors in their decision making.

China is hot again. Following years of concerns about decelerating economic growth, a bloated and opaque banking system, and anxiety at the start of the year about a domestic credit crisis, foreign funds are flowing back into Chinese debt and equities.

These are transformational times for the mainland banks as they line up about 310 billion yuan (HK$387 billion) of preferred share issuance, including a 20 billion yuan offer from Ping An Bank announced on July 15.

Yue Xiu Enterprises, wholly owned by the Guangzhou municipal government, yesterday finalised a US$200 million, five-year bond exchangeable into shares of Hong Kong-listed Yuexiu Transport Infrastructure.

What a difference four months makes. In early March, Shanghai Chaori Solar Energy Science & Technology said it was unable to cover 89.8 million yuan in interest payments, triggering the mainland's first domestic bond default and creating a minor panic.

Bhupinder Singh, Deutsche Bank's Asia-Pacific co-head of investment banking, is - as you might expect - positive on the outlook for Asia-Pacific investment banking.

Taiwan's Advanced Semiconductor Engineering yesterday was in the market with a three-year senior bond to raise up to US$300 million.

When it comes to their offshore debt programmes, mainland banks embrace the mantra of thinking globally and acting locally.

Here is a scenario for the not too distant future. Global warming has raised sea levels and the extra heat is powering strong winds and driving an ocean of moisture into the atmosphere.

Just looking at the stream of tombstone ads placed in local newspapers, such as the South China Morning Post, one could be forgiven for thinking Hong Kong's IPO market is taking off.

Funds in the Mandatory Provident Fund scheme returned an average of 2 per cent in the first half. However, while most fund types in the scheme registered positive returns, the most common funds, such as mainland Chinese, Hong Kong and Japan equities, were in the red.

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