Steven Hunter’s Post

@Ant Group's successful bid for Credit Suisse's China venture marks a pivotal moment in the evolution of China's financial landscape. This strategic move not only signifies Ant Group's ambition to establish a foothold in the securities market but also reflects the shifting dynamics of regulatory preferences and market competition. As global financial institutions vie for a slice of China's lucrative market, the outcome of this bidding war underscores the complexities and opportunities inherent in navigating the country's regulatory environment. Read more details; https://lnkd.in/d4aDfupa on the impact of this development on the future of China's investment banking sector and beyond. #AntGroup #CreditSuisse

At the Bank of China (BoC) head office, Fan Yaosheng, the general manager of its clearing department, highlighted the bank’s strategies and innovations in Renminbi (RMB) clearing services, emphasising their critical role in global financial markets, international trade, and investment. The bank boasts a rich history in the financial landscape, notably in international clearing and remittance.   BoC's international reach includes a network across 64 countries and regions, having been designated as the RMB clearing bank in 15 markets by the People’s Bank of China as of the end of 2023.   In 2023 alone, BoC processed more than RMB 938 trillion ($129 trillion) through the Cross-Border Interbank Payment System, confirming its status as the market leader with the widest coverage of direct and indirect participants.   The bank’s proactive approach focuses on delivering superior RMB clearing services worldwide, particularly in the Asia-Pacific. This effort supports significant initiatives that facilitate trade and investment while strengthening regional financial integration.   Furthermore, BoC’s involvement in various Connect Scheme initiatives has been vital in linking Mainland China with global financial centres, particularly Hong Kong. This has been instrumental in allowing overseas investors access to the mainland’s financial markets, underscoring its expertise in interbank cooperation and cross-border financial services. Foo Boon Ping 胡文彬, Ruoxin Qi, TAB Global SHAILESH JADHAV, Janet liu, Jasmine Lian, Valarie Zhang, Sihui (Sabrina) Song, Grace Tomelden, Hamid Hussain #BankofChina #RMB #GlobalFinance #InternationalTrade #Investment #FinancialInnovation #CrossBorderPayments #FinancialIntegration #AsiaPacific #ConnectScheme #China #HongKong #Interbank #FinancialServices #MarketLeader2

Today’s China Top Five:   💡 𝗢𝘂𝘁𝗯𝗼𝘂𝗻𝗱 𝗥𝗲𝘀𝘂𝗿𝗴𝗲𝗻𝗰𝗲 Global managers are continuing to target outbound demand by expanding their QDLP product lines. Manulife Investment Management and Wellington Management are among the firms preparing new products. Distributors are also taking note, with Ping An Bank Co., Ltd., China Merchants Bank, China CITIC Bank and several leading brokers all partnering with WFOEs for such launches. 💡 𝗦𝗼𝗳𝘁 𝗗𝗼𝗹𝗹𝗮𝗿 𝗚𝘂𝗶𝗱𝗮𝗻𝗰𝗲 CSRC ran a training session for fund management companies to lay out expectations under the new trading commissions rules. The regulator highlighted that it is prohibited to link trading commissions with fund distribution scale and to use soft dollar arrangements to pay for expenses such as expert consulting fees and currency brokerage. 💡 𝗡𝗲𝘄 𝗠𝗲𝗱𝗶𝗮 𝗙𝘂𝗻𝗱 𝗠𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 Fund managers are increasingly turning to short videos as a means of brand building. For example, Hua An Fund Management Co. Ltd. runs a daily digest series on Douyin (TikTok) that has attracted more than 40m views. Firms are using this medium to introduce investor education topics, as well as discuss hot themes and macro issues. Over 90 fund managers have a presence on Douyin. 💡 𝗦𝗽𝗲𝗰𝗶𝗮𝗹 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆 𝗜𝘀𝘀𝘂𝗮𝗻𝗰𝗲 Ministry of Finance announced the start of its ultra long-term special treasury issuance program. The first tranche to be issued on May 17 will consist of 30-year bonds. Further issuances will take place on May 24 (20-year bonds) and June 14 (50-year bonds). The RMB1tr total issuances are expected to be completed by November. 💡 𝗕𝗮𝗻𝗸 𝗪𝗲𝗮𝗹𝘁𝗵 𝗕𝗼𝘂𝗻𝗰𝗲 Bank wealth management AUM exceeded RMB28tr in April. That represents an increase of more than RMB2tr from the previous month. Short-duration fixed income remains the primary target for investors that are seeking alternatives to falling deposit rates. That said, bank wealth management products themselves are also facing falling yields.   #chinatopfive #zbenadvisors #assetmanagement #mutualfunds #ETFs #china #financialnews

Excited to share: Zey and I will share our research on building crowdlending tools into commercial banks at the "Global Economic Trends - Challenges and Opportunity" conference organized by Beogradska bankarska akademija in cooperation with Balkan Institute of Science and Innovation (BISI), Technical University of Košice, Institute of Economic Sciences. It is important to note that our research is still in its early development stage. We will take this opportunity to share our initial findings & invite members of the financial academia to further research the question of integrating community finance methods within traditional banking institutions. #finance #smb #capitalaccess #smallbusiness #commercialbanking #matchingfunds #banks #community

NAFMII releases bilingual version of Panda Bond Manuals In order to promote the high-level opening up of China's bond market and promote the internationalization of the RMB, the National Association of Financial Market Institutional Investors (NAFMII), under the guidance of the People's Bank of China, actively promotes the issuance of bonds by overseas institutions in China's interbank bond market(referred to as "Panda Bonds"). In order to further facilitate domestic and foreign market participants to understand the Panda Bond market and conduct Panda Bond-related business efficiently and in compliance with regulations, NAFMII releases the bilingual version of Panda Bond Manuals. The Panda Bond Manuals is divided into three parts, including Operation Practices of Panda Bond, Panda Bond Rules and Regulations and Other Information, and sets up special topics for sustainable development-themed Panda Bonds and the pilot program to refine bond pricing and allocation Mechanism for Overseas Issuers. #bond #PBOC #pandabond #regulation #NAFMII

Effective October 27, 2024, Hong Kong has named 11 banks as primary liquidity providers (PLPs) for a two-year term to enhance liquidity and support the growth of RMB transactions, solidifying the city's role as a global financial hub. The selected banks include well-known names such as: >Agricultural Bank of China, >Bank of China (Hong Kong), >Standard Chartered Bank (Hong Kong), >Bank of Communications Co.,Ltd., >BNP Paribas, >China CITIC Bank International Limited, >China Construction Bank (Asia) Corporation, >Citibank N.A. (California), >Hang Seng Bank, >Hongkong Shanghai Banking Corporation Investment, >Industrial and Commercial Bank of China (Asia). The Hong Kong Monetary Authority (HKMA) made this selection based on the banks' outstanding performance and contributions to the CNH HIBOR fixing process, reflecting their active engagement in the local RMB market. In conjunction with this announcement, the HKMA has increased the RMB repo facility for all PLPs from RMB 18 billion to RMB 20 billion, approximately US$2.8 billion or HK$21.79 billion. This initiative highlights Hong Kong's commitment to fostering a robust financial environment for international RMB transactions and reinforces its position as a leading hub for RMB business activities. As these developments unfold, Hong Kong is set to drive innovation and growth in financial services, paving the way for a dynamic future in international finance! #OffshoreRMB #HKMA #BankingNews #RMBLiquidity #FinancialInnovation

Multi-channels of international communication to practice the high-level opening of the market Under the guidance of the People's Bank of China, NAFMII has recently launched a series of pragmatic international publicity activities, further promoted the interbank bond market through various channels, effectively promoted the high-level two-way opening of the bond market. Deputy Secretary-General Cao Yuanyuan attended the seminars: China Interbank Market- A New Era of Opportunity On 11 and 13 June, Deputy Secretary-General Cao Yuanyuan attended the seminars: China Interbank Market- A New Era of Opportunity held in London and Dubai respectively, which were jointly organized by China Construction Bank, China International Capital Corporation and London Stock Exchange. Deputy Secretary-General Cao Yuanyuan met with ASFIMA CEO Peter Stein who visit NAFMII on the morning of June 12, 2024. During the meeting, Ms. Cao said that NAFMII and ASIFMA had established sound cooperative relationship for long. As China continues to open up its bond market, she looked forward to more in-depth collaboration in areas of common interest, including sharing investor survey, standards related to OTC derivatives, sustainable finance. Mr. Stein expressed that NAFMII plays an important role in promoting market opening, and ASIFMA is willing to promote higher level and deeper cooperation between the two sides. #pandabond #NAFMII #SustainableFinance #OTCderivatives #ASIFMA

Data science has become a common language globally.

How to improve as a trader: three tips from a global broker Octa KUALA LUMPUR, MALAYSIA – Media OutReach Newswire (https://buff.ly/3XJej0c) – 4 October 2024 – Trading in the financial markets offers a valuable opportunity for supplementary income. Still, there is a caveat: the learning curve can be steep for new traders, which, combined with high ambitions, can result in a frustrating experience. Octa, a global broker with more than 13 years in the markets, offers some time-proven tips for traders on how to start strong and remain on track towards personal financial goals. Automatism as a key to success In trading, there is always a struggle between long-term ambitions and immediate needs. What is easily overlooked in a trading journey is how crucial it is to approach it step-by-step, aiming for automatism and consistency. Excited by the prospect of fast gains, many emerging traders neglect to follow the progressive learning process and dive in head first, risking large parts of their capital in a single trade. Hastiness and greed in trading often result in bad outcomes, with many new traders quitting within a month. With that in mind, incremental knowledge acquisition and Full Story https://buff.ly/3BxupkG

Checkout video highlights from our vibrant 19th Asia Bond Markets Summit – China Edition in Shenzhen last month! It was a pleasure to work with the Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) in this event. Special thanks to our platinum sponsor ICBC, our gold sponsor Moody's Ratings, our silver sponsors China Lianhe Credit Rating, CITIC Securities. Appreciate the sharing from our expert speakers at the event then including: - Qiang Pan, vice president at ICBC Shenzhen Branch - Professor David Daokui Li, director at Academic Center for Chinese Economic Practice and Thinking at Tsinghua University - Edmund Goh, head of fixed income at abrdn - Joyce Liang, managing director and head of Asia Pacific credit research at BofA Securities (Bank of America Merrill Lynch) - Freddy Wong, head of Asia Pacific fixed income at Invesco Ltd. - Ricco Zhang, senior director, Asia Pacific at the ICMA - International Capital Market Association - Gong Cheng , chief credit officer at Moody's Ratings - Domenico Nardelli, treasurer at Asian Infrastructure Investment Bank (AIIB) - Alex Chen, head of overseas client department at China Central Depository & Clearing - Lei ZHU, CFA, head of Asian fixed income at Fidelity International - Terry GAO, CEO at Lianhe Ratings Global Limited - Dr. Sean Chang, co-chief investment officer - fixed income at Value Partners Group - Yabing Hu, senior expert of global markets department at ICBC - Zhen Wei, managing director at Bosera Asset Management Co. - Jiacheng Mei, senior vice president, FICC at CITIC Securities - Cassandra Cheng, head of rates derivatives, North Asia at SGX Group For more information about this event including post-event content please go here: https://lnkd.in/gbm2AVU4 Interested to learn about our upcoming The Asset Events please go here: https://lnkd.in/g8WKyHw7 #China #ABMS #Finance #China #APAC #Bonds #FixedIncome #Investment #Issuers #PandaBonds #Renminbi #Discussion #TheAssetEvents #Sharing #Growth #Development #BondatAsset