Vietnam 

Hòa Phát invests nearly VNĐ43 trillion on Dung Quất project – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A view of Hòa Phát Dung Quất iron and steel production complex. — Photo courtesy of Hòa Phát HÀ NỘI — In the first half of 2019, Hòa Phát Group poured nearly VNĐ9.17 trillion (US$393.35 million) into Dung Quất iron and steel production complex, raising total investment in the project to approximately VNĐ42.92 trillion. The group’s chairman Trần Đình Long said that total initial investment for the project is VNĐ40 trillion of medium-term loans for fixed assets and VNĐ12 trillion for short-term activities. During the investment process, Hòa Phát applied some new technological achievements,…

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Global family offices grow assets under management to nearly US$6 trillion, report shows

The number of Asia-Pacific family offices rose 44 per cent during the last two years, according to Campden Research. A selection of supercars, traditional symbols of wealth, are displayed during Sino Group’s Gold Coast Motor Festival in Hong Kong on November 10, 2017. Photo: Nora Tam Source link

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China, Hong Kong high-net-worth individuals led US$2 trillion decline in global wealth last year, Capgemini says

High-net-worth individuals in Asia-Pacific accounted for about half of a US$2 trillion drop in global wealth last year, according to consultancy Capgemini’s latest annual wealth report. China accounted for about 25 per cent of the decline, while Europe as a whole constituted another 24 per cent of the overall drop.The total wealth of Asia-Pacific high-net-worth individuals – people with US$1 million in investible assets or more – dropped 4.8 per cent between 2017 and 2018, the highest among any… Source link

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Global 

China’s loans to rest of the world worth US$5 trillion, 6 per cent of global economy, new study reveals

The world’s debt to China grew tenfold between 2000 and 2017, according to new estimates from a German think tank, at a time when there are growing concerns about Beijing’s influence over global finance.As of 2018, the world owed more than US$5 trillion worth of debt to the government of China, or around 6 per cent of global economic output, according to a report published by the Kiel Institute for the World Economy last week.This is a huge increase from the US$500 billion owed in the early… Source link

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Bond Connect adds new features and ‘market makers’ to give foreign investors greater access to China’s US$9 trillion bond market

A scheme designed to give overseas investors and those in mainland China access to each other’s bond markets celebrated its second anniversary on Wednesday, with the announcement of new features and “market makers” to boost trading.Gao Fei, deputy inspector at the People’s Bank of China, unveiled the plans to further open up China’s bond market in a speech to hundreds of bankers and traders at the Bond Connect Anniversary Summit 2019, held at the headquarters of bourse operator Hong Kong… Source link

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Asia, impact investing to gain as US$15 trillion change hands among world’s wealthiest families over next decade

Asia and impact investing look to gain as wealth is transferred between generations among the world’s wealthiest families over the next decade.As much as US$15.4 trillion will be passed down from one generation to the next until 2030, according to Global wealth researcher Wealth-X. The company looked at people holding US$5 million in assets or more, which amounted to 2.6 million people collectively holding US$57 trillion in assets.The biggest transfers are expected to take place in Europe and… Source link

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A mini bear market in bonds might be what the world needs as investors amass US$13 trillion in negative-yield debt

A picture is said to be worth a thousand words. In financial markets, the number US$13 trillion explains a lot about the way investors are positioning themselves, their perceptions of risk and, most importantly, why markets are increasingly vulnerable to a sharp and disorderly sell-off. The number refers to the global stock of government and corporate bonds trading at negative yields, one of the most striking consequences of a decade of ultra-loose monetary policy and a development once… Source link

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Vietnam 

Government bonds sold for VNĐ2 trillion – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  As much as VNĐ2 trillion (US$86 million) worth of Government bonds was raised at the Hanoi Stock Exchange this week. — VNA/VNS Photo HÀ NỘI — The State treasury raised VNĐ2 trillion (US$86 million) from selling government bonds at the Hà Nội Stock Exchange this week. The bonds were classified into three maturity terms: five, 10 and 15-year. Around VNĐ1 trillion was raised from selling 10-year G-bonds at a per-annum yield rate of 4.65 per cent, slightly lower than the figure on June 5. Fifteen-year g-bonds were also auctioned for VNĐ1 trillion with…

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Could seizure of Baoshang Bank lead to consolidation among China’s smaller banks with assets worth US$9.9 trillion?

China is set to see consolidation among its smaller banks after a rare government seizure of a troubled Inner Mongolia lender in May, as Beijing looks to avert any systemic risk amid a slowing economy and an escalating trade war with the United States.Mergers of weaker small banks with stronger peers is seen by analysts as the best option for a sector reeling from rising bad loans and funding costs, and which Beijing is wary of due to probable knock-on effects should some lenders start to fail… Source link

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Vietnam 

Over VNĐ11.9 trillion raised via G-bonds in May – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Photo shows VNĐ100,000 (US$4.3) bond notes. Nearly $513 million worth of government bonds was raised in May, down 5 per cent monthly. – Photo tinnhanhchungkhoan.vn HÀ NỘI – The State Treasury of Việt Nam raised more than VNĐ11.9 trillion (nearly US$513 million) through Government bond auctions on the Hà Nội Stock Exchange (HNX) in May, down 5 per cent against the previous month.  Successful bidders will enjoy an annual yield of 3.7 per cent for five-year bonds, 4.69-4.72 per cent for 10-year bonds, 5.04-5.06 per cent for 15-year-bonds, 5.68-5.69 per…

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