Investors are seeking more structured notes tied to brokerages and exchanges after China said it will link the Shanghai and Hong Kong bourses, according to HSBC Holdings Plc, the biggest foreign bank in China.
Joshua Mercado is waiting for a train at the end of a kilometer-long queue that snakes down three stories from Manila’s elevated Quezon Avenue station to the sidewalk below. It’s part of his five-hour daily commute.
China’s first default is prompting investors to discriminate against privately-owned companies, boosting demand for local government bonds even as the central bank warns of the dangers of a $2.9 trillion pile of debt.
John Wong, who leases offices in downtown Beijing’s new, 61-story Fortune Financial Center, has filled 60 percent of the space in the tower completed in September. He said he’s confident the rest will be snapped up.
PT Bank Mandiri, Indonesia’s largest lender by assets, has opened a new office in Singapore to integrate its brokerage and investment-management units, seeking a foothold as rivals from the city state expand in its home country.