(IFR) – As economic growth slows, China’s banks are redoubling efforts to gain market share outside traditional bank lending and in higher fee-earning sectors like US dollar bond underwriting – typically the domain of bigger global firms.
They are hoping to tap into a recent bond-market boom across Asia. Issuers in the region sold US$90.5bn worth of bonds in dollars, euros and yen in the first half of the year, up 18.3% year on year and a record for the first six months of any year.
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Timothy Sifert and Carrie Hong, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/DcT33LBFBrs/
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