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ESG Forum
The real problem confronting European manufacturing is not the threat of factory closures. It is that, compared with the United States and China, Europe has fallen far behind in the race to accumulate, and benefit from, the cloud capital that represents the future of profit in industries like electric cars and green energy
2 Feb 2023
The frontier Mekong economies of Cambodia, Laos and Vietnam face varying degrees of environmental, social and governance (ESG) risks with moderately to very highly negative impacts on their current sovereign ratings, according to Moody’s Investors Service.
1 Feb 2023
Increasing shareholder activism is expected to play a crucial role in sustainable investing in 2023 as investors and asset managers become more resolute in pushing corporate and financial institutions to achieve sustainability targets, according to Federica Calvetti, head of ESG and strategic activism at Eurizon, the asset management unit of Italy’s largest financial group Intessa Sanpaolo.
30 Jan 2023
Global investment in the low-carbon energy transition totalled US$1.1 trillion in 2022 – a new record and a huge acceleration from the year before – as the energy crisis and policy action drove faster deployment of clean energy technologies, according to a new report. In another first, investment in low-carbon technologies appears to have reached parity with capital deployed in support of fossil fuel supply, research firm BloombergNEF (BNEF) says in its Energy Transition Investment Trends report.
27 Jan 2023
Global financial technology firm Broadridge Financial Solutions has launched a new environmental, social and governance (ESG) disclosure and data analytics comparison tool. Called ESG Analyser, the new web-based ESG disclosure and data analytics benchmarking tool promises to deliver timely, high-quality, cost-effective, transparent data and insights.
27 Jan 2023
Six decades after the green revolution began, the rise of robotics and artificial intelligence may usher in another agricultural transformation. By enabling farmers to grow more while using fewer resources and generating less waste, these tools could make food more sustainable, accessible and cheaper to produce
26 Jan 2023
Margin rachet will move according to annual performance of agribusiness, KPIs
16 Jan 2023
Bonds via private placement can be offered to no more than 10 investors per issuance
16 Jan 2023
Far from being a short-term trend, sustainable investing is set to become a long-term growth story for the Asia-Pacific region, a new report finds. Other than banks, insurers and digital advisers are also likely start onboarding environmental, social, and governance (ESG) products on their shelves this year, bolstered by strong demand from wealthy investors, Cerulli Associates says. Three-quarters of distributors in Asia ex-Japan said in a survey that high-net-worth and ultra-high-net-worth clients are driving sustainable investments in the region, although some mass retail investors have also “shown interest” in ESG products, Cerulli says. While net flows into locally-domiciled ESG funds plunged to US$2.3 billion during the first half of 2022, or just a little over 7% of the total amount raised during 2021, Cerulli says it does not expect ESG investing to fall out of favour in the region. The below-average numbers from the first two quarters of 2022 can be attributed to regulatory initiatives across the region that aims to address greenwashing. Challenging market conditions also had an effect on lower capital deployed to ESG products during the period. Distribution deals Leena Dagade, Cerulli’s Singapore-based associate director, says research also indicates that over the long term, most funds will be ESG-integrated already, and innovation will instead take place in sustainability-themed strategies. “As the number of ESG products increases, positioning of fund ideas and marketing will need to be more focused to gain investors’ interest, while there should be continued dialogue with distribution partners to educate them about ESG and thematic investing,” Degade adds. Meanwhile, in terms of innovations in distribution models, Cerulli says some fund managers, particularly in Singapore and Hong Kong, are looking to gain a foothold by inking exclusive ESG product distribution agreements with local banks. This new distribution model will typically see banks exclusively distribute an asset management company’s product for a period of up to six months, Cerulli says, adding that the model means bank clients have exclusive access to some products. On the other hand, Cerulli says asset managers in Taiwan and Singapore are looking to tie up with insurance companies to distribute their ESG products. Digital advisers The firm has also noticed a rise in digital advisers expanding their offerings to include sustainability-themed investments. Since digital advisers typically cater to retail investors with small investable funds, these types of partnerships allow fund houses to experiment with bundling sustainability-linked products with low-cost offerings. An example of a digital adviser branching out to ESG products is StashAway, which introduced two new products in February 2022 – the Environment and Cleantech Thematic Portfolio and the Responsible Investing (RI) Portfolio. Both portfolios are made up of exchange-traded funds (ETFs) from some of the world’s top fund managers, such as iShares (managed by BlackRock), Amundi, ARK Invest, Global X, and VanEck. The products are currently available to StashAway clients in Singapore, Malaysia and the Middle East, as well as in Hong Kong and Thailand. In the same report, Cerulli says it is confident more APAC investors will allocate a portion of their assets to ESG funds as soon as markets stabilize. In turn, this will see more products registered in offshore markets like Singapore and Hong Kong.
16 Jan 2023
The Asset Talk
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TechTalk
The Philippines’ central bank has started public consultations on a pilot project to explore the use of digital technologies in the delivery of financial products and services, and the sharing of customer data. In a statement, Bangko Sentral ng Pilipinas (BSP) governor Felipe Medalla asked interested parties to participate in the consultation on the Philippine Open Finance Pilot project.
3 Feb 2023
The real problem confronting European manufacturing is not the threat of factory closures. It is that, compared with the United States and China, Europe has fallen far behind in the race to accumulate, and benefit from, the cloud capital that represents the future of profit in industries like electric cars and green energy
2 Feb 2023
Zodia Custody, a London-based crypto asset servicing provider for institutional investors, has established a joint venture with SBI Digital Asset Holdings (SBI DAH) in Japan. The joint venture, with SBI DAH holding a 51% interest and Zodia Custody owning the remaining 49% stake, will act as a crypto assets custodian targeting institutional clients.
2 Feb 2023
Instill AI, a London-based start-up that provides tools to derive insights or generate meaningful content from unstructured data, has raised US$3.6 million in a seed round.
2 Feb 2023
Central bank seeks public views, hopes CBDC will enhance push to achieve developed-country status
1 Feb 2023
Hong Kong virtual lender ZA Bank has appointed Ronald Iu as chief executive officer and executive director, with immediate effect.
1 Feb 2023
Reserve asset value must equal that of outstanding coins, no arbitrage, algorithms allowed
1 Feb 2023
The European Investment Bank (EIB) has priced its first-ever digital bond amounting to £50 million (US$61.5 million) using a combination of private and public blockchains accessed via the HSBC Orion tokenization platform.
1 Feb 2023
Subsidiary of UK firm to offer online, mobile trading of globally listed shares, ETFs, futures, options
31 Jan 2023
Ian Hutchinson has over 15 years’ experience in fintech, M&A and insurance
31 Jan 2023
Fiserv, a Nasdaq-listed payment solutions provider, has received a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS). The licence, effective January 1 2023, allows the company’s local entity, First Data Merchant Solutions Private Limited, to provide merchant acquisition services as well as domestic and cross-border money transfer services under the Payment Services Act (PS Act) 2019.
31 Jan 2023
Treasury & Capital Markets
The Philippines’ central bank has started public consultations on a pilot project to explore the use of digital technologies in the delivery of financial products and services, and the sharing of customer data. In a statement, Bangko Sentral ng Pilipinas (BSP) governor Felipe Medalla asked interested parties to participate in the consultation on the Philippine Open Finance Pilot project.
3 Feb 2023
QuantaSing Group, a Chinese online adult learning service provider, has appointed Citi as depositary bank for its American depositary receipt (ADR) programme.
3 Feb 2023
Instill AI, a London-based start-up that provides tools to derive insights or generate meaningful content from unstructured data, has raised US$3.6 million in a seed round.
2 Feb 2023
DLA Piper has appointed Peter Armstrong as a partner in its corporate practice. Based in Tokyo, Armstrong joins the law firm from Nishimura & Asahi where he was a corporate partner, advising both Japanese and global entities on a wide range of complex cross-border transactions and projects
2 Feb 2023
Hong Kong’s de facto central bank today (February 2) raised its base rate in lockstep with the US Federal Reserve’s decision to raise its policy rate by 25 basis points.
2 Feb 2023
The Credit Guarantee and Investment Facility (CGIF), a trust fund set up by the Asian Development Bank (ADB), supported SNC Former Public Company Limited of Thailand in its inaugural bond offering, a social bond amounting to one billion baht (US$30.4 million). CGIF provided a 100% credit wrap for the five-year bond, which was rated AAA by TRIS Rating and placed with domestic institutional investors at a competitive coupon rate of 3.10%.
1 Feb 2023
Hong Kong virtual lender ZA Bank has appointed Ronald Iu as chief executive officer and executive director, with immediate effect.
1 Feb 2023
The frontier Mekong economies of Cambodia, Laos and Vietnam face varying degrees of environmental, social and governance (ESG) risks with moderately to very highly negative impacts on their current sovereign ratings, according to Moody’s Investors Service.
1 Feb 2023
The European Investment Bank (EIB) has priced its first-ever digital bond amounting to £50 million (US$61.5 million) using a combination of private and public blockchains accessed via the HSBC Orion tokenization platform.
1 Feb 2023
The Central American Bank for Economic Integration (CABEI) has issued a 10-year blue bond amounting to 7 billion yen (US$53.7 million) and a 10-year social bond worth US$130 million to Japanese and Taiwanese institutional investors.
31 Jan 2023
Fiserv, a Nasdaq-listed payment solutions provider, has received a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS). The licence, effective January 1 2023, allows the company’s local entity, First Data Merchant Solutions Private Limited, to provide merchant acquisition services as well as domestic and cross-border money transfer services under the Payment Services Act (PS Act) 2019.
31 Jan 2023
Wealth
Standard Chartered has appointed Peter Tung as regional head, private banking, Greater China and North Asia (GCNA).
3 Feb 2023
Zodia Custody, a London-based crypto asset servicing provider for institutional investors, has established a joint venture with SBI Digital Asset Holdings (SBI DAH) in Japan. The joint venture, with SBI DAH holding a 51% interest and Zodia Custody owning the remaining 49% stake, will act as a crypto assets custodian targeting institutional clients.
2 Feb 2023
Asian mutual funds face brighter prospects this year after a challenging 2022. As inflation cools and central banks are likely to slow the pace of rate hikes, stability is expected to return to interest rates, Cerulli Associates says.
2 Feb 2023
HSBC has completed the legal integration of AXA Singapore and HSBC Insurance (Singapore) via a scheme of transfer, marking the start of the insurance operations of the combined business under HSBC Life Singapore.
1 Feb 2023
China’s venture capital and private equity market went through a difficult 2022 with a drop in the number of new funds and overall subscription size. Internet, real estate and consumption were the top three sectors that saw the largest decrease in VC/PE investment. But VC/PE’s penetration rate in Chinese initial public offerings rose last year, with leading players getting more IPO deals.
31 Jan 2023
Johanes Oeni has 31 years of wealth management experience
31 Jan 2023
Wealth manager’s office in ‘gateway to Greater China’ combines digital, advisory
31 Jan 2023
Asia Connect
NextDecade Corp, the developer of the Rio Grande LNG export project on the Brownsville Ship Channel in Texas, has signed a 15-year sale and purchase agreement (SPA) with Japanese trading house Itochu Corp.
1 Feb 2023
Globeleq, an Africa-focused power company, has completed a 1.2 billion rand (US$71 million) senior debt restructuring facility for a 31-megawatt solar power plant in South Africa’s Limpopo Province.
1 Feb 2023
The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited (NSFTPL) have signed a US$131 million loan to upgrade the Jawaharlal Nehru Port Container Terminal in Navi Mumbai Maharashtra.
1 Feb 2023
Export-Import Bank of Korea and Riyad Bank are providing US$435 million in debt finance for a 320-megawatt cogeneration plant in Saudi Arabia. The project developer is Korea Electric Power Corporation (Kepco). Last September, South Korea’s Doosan Enerbility was awarded a turnkey engineering, procurement and construction (EPC) contract for the project.
1 Feb 2023
African power development company Ncondezi Energy has signed a land agreement with the government of Mozambique for a 300-megawatt hybrid solar project.
18 Jan 2023
A consortium of Japan‘s JGC Corporation and South Korea’s Samsung Heavy Industries has been awarded the engineering, procurement, construction, and commissioning (EPCC) contract for a nearshore floating liquefied natural gas (FLNG) project for Malaysian energy giant Petronas.
18 Jan 2023
German energy utility and developer RWE has chosen Siemens Gamesa as preferred supplier for its 1,000-megawatt offshore wind farm in Denmark.
18 Jan 2023
Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) and Riyadh-based mining company Maaden have agreed to establish a joint venture to invest in mining assets globally.
18 Jan 2023
The Inter-American Development Bank, through its private-sector arm IDB Invest, has signed an innovative refinancing facility to support the modernization of a multi-purpose port terminal in Peru.
11 Jan 2023
Rio Tinto and Chinese joint-venture partner Baowu Resources are moving closer towards final agreement on developing the vast Simandao iron ore project in the West African republic of Guinea.
11 Jan 2023
The Asian Infrastructure Investment Bank (AIIB) has approved a €250 million (US$268 million) loan to Egypt for the Alexandria-Abou Qir Metro Line Project.
11 Jan 2023
On The Move
Standard Chartered has appointed Peter Tung as regional head, private banking, Greater China and North Asia (GCNA).
3 Feb 2023
DLA Piper has appointed Peter Armstrong as a partner in its corporate practice. Based in Tokyo, Armstrong joins the law firm from Nishimura & Asahi where he was a corporate partner, advising both Japanese and global entities on a wide range of complex cross-border transactions and projects
2 Feb 2023
Hong Kong virtual lender ZA Bank has appointed Ronald Iu as chief executive officer and executive director, with immediate effect.
1 Feb 2023
Tina Tong has 20 years of asset management experience, acute understanding of local clients
1 Feb 2023
Johanes Oeni has 31 years of wealth management experience
31 Jan 2023
Ian Hutchinson has over 15 years’ experience in fintech, M&A and insurance
31 Jan 2023
Vida Tandean brings long-standing expertise in private equity real estate investing in Asia
30 Jan 2023
BNP Paribas Asset Management has appointed Daniel Choong as chief executive officer for Malaysia, subject to regulatory approval. He succeeds Angelia Chin-Sharpe, who relocated to Singapore last August following her appointment as the firm’s Singapore CEO.
27 Jan 2023
Robert Crossley has decades of investment and banking experience across Europe and Asia
20 Jan 2023
BNP Paribas today has appointed Philippe Noirot as head of transaction banking for Asia-Pacific. He will be responsible for further driving the momentum of transaction banking in the region, while broadening and deepening business offerings.
19 Jan 2023
Sebastien Lamy has over 20 years of consulting experience with the company
18 Jan 2023