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ESG Forum
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
Digital tech can incorporate feeds from multiple data providers, multiple data types
16 Jan 2023
Sunny Optical Technology (Group) has priced its inaugural 3.5-year sustainability-linked bond offering amounting to US$400 million, the first such issuance by a Chinese corporate.
12 Jan 2023
High acceptance across age groups, environmental concerns, improved technology top reasons
11 Jan 2023
Proceeds to finance medical, pharmaceutical manufacturer Nipro’s social projects
11 Jan 2023
The Asset Talk
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TechTalk
Are Chinese technology firms seeing the light at the end of the tunnel? The answer is a probable yes, based in part on the stock performance of the country’s tech giants so far in 2023. Having endured several years of regulatory oversight, including the restructuring of business processes and pressure to be transparent about how they use customer data, Chinese tech firms are seeing a change of approach from policymakers.
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
SWIAT blockchain platform focuses on standardizing real-time settlement, trading of data, assets
26 Jan 2023
Trade and Supply Chain Connect (TASConnect), a bank-agnostic supply chain finance platform owned by Standard Chartered Bank, has chosen TransformHub, a digital solutions provider based in Singapore, to support its growth ambitions across Southeast Asia.
26 Jan 2023
Bitcoin (BTC), the bellwether of the cryptocurrency market, will peak at US$29,095 in 2023 before dropping to US$26,844 by the end of the year, a new report forecasts.
26 Jan 2023
Hong Kong-based payment platform YedPay is expanding into Southeast Asia with the signing of three separate partnerships. YedPay has partnered with Thailand-based Venture Cap, an ASL Securities subsidiary, China UnionPay unit Easylink, and the Hong Kong Polytechnic University.
20 Jan 2023
Lender aims to bolster asset management, data analysis, service competitiveness
19 Jan 2023
Acquired firm’s digital investment platform to be integrated into parent’s infrastructure
19 Jan 2023
Financial industry players must step up collaboration towards a more efficient system of data exchange and management through the use of new technologies to exploit and connect massive amounts of information to produce new insights across firms and markets, a new report says. The Depository Trust & Clearing Corporation (DTCC), a New York-based post-trade services provider, calls for open-source data standards, which will allow more users to get access to broader data more easily and put them to use much faster.
19 Jan 2023
Technology enables straight-through-processing for mutual funds transactions
19 Jan 2023
While heavy-handed regulation is not the answer to artificial intelligence development, the current regulatory vacuum must be filled, and that process demands broad-based global engagement
19 Jan 2023
Treasury & Capital Markets
Are Chinese technology firms seeing the light at the end of the tunnel? The answer is a probable yes, based in part on the stock performance of the country’s tech giants so far in 2023. Having endured several years of regulatory oversight, including the restructuring of business processes and pressure to be transparent about how they use customer data, Chinese tech firms are seeing a change of approach from policymakers.
27 Jan 2023
As we enter the last full trading week of January, it is just me or is credit market sentiment in a better place than it was as we headed into the year-end break? And has the overall tone improved as the year has progressed? It certainly feels that way and it’s almost a little odd. Everyone had gone into the end of 2022 feeling rather gloomy because it’d been a long year and constantly trying to factor in the impacts of so many economic and geopolitical headwinds that had made markets volatile and uncertain was just exhausting.
26 Jan 2023
Trade and Supply Chain Connect (TASConnect), a bank-agnostic supply chain finance platform owned by Standard Chartered Bank, has chosen TransformHub, a digital solutions provider based in Singapore, to support its growth ambitions across Southeast Asia.
26 Jan 2023
Hong Kong-based payment platform YedPay is expanding into Southeast Asia with the signing of three separate partnerships. YedPay has partnered with Thailand-based Venture Cap, an ASL Securities subsidiary, China UnionPay unit Easylink, and the Hong Kong Polytechnic University.
20 Jan 2023
Dah Sing Bank and Sun Life have signed an exclusive 15-year bancassurance partnership in Hong Kong.
20 Jan 2023
Financial industry players must step up collaboration towards a more efficient system of data exchange and management through the use of new technologies to exploit and connect massive amounts of information to produce new insights across firms and markets, a new report says. The Depository Trust & Clearing Corporation (DTCC), a New York-based post-trade services provider, calls for open-source data standards, which will allow more users to get access to broader data more easily and put them to use much faster.
19 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
Guotai Junan Securities has teamed up with Bloomberg to support its global expansion plans.
18 Jan 2023
Hong Kong virtual lender livi bank has launched a QR payment service allowing its customers to make cross-border payments in mainland China and other popular travel destinations such as Japan, South Korea and Thailand.
17 Jan 2023
Wealth
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
BNY Mellon has launched a new outsourced trading offering for buyside institutions globally, including asset managers and asset owners, to enhance their operational and strategic efficiencies, and savings as well as accelerate their expansion.
27 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
Bitcoin (BTC), the bellwether of the cryptocurrency market, will peak at US$29,095 in 2023 before dropping to US$26,844 by the end of the year, a new report forecasts.
26 Jan 2023
After years of being ignored because they earned almost zero percent interest, Hong Kong dollar time deposits may be a good bet for investors who are content with a well-performing, relatively safe asset class, and want to sit out the expected market volatility of other asset classes in 2023.
26 Jan 2023
Robert Crossley has decades of investment and banking experience across Europe and Asia
20 Jan 2023
J.P. Morgan and Standard Chartered have received regulatory approval to expand their operations in China as the country emerges from three years of strict Covid restrictions.
20 Jan 2023
Real estate, tech, equities top drivers in 2023, Asia-Pacific on more sustainable growth trajectory
19 Jan 2023
Asia Connect
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
The new Norwegian Climate Investment Fund has announced its first investment in an Indian transmission project, being developed by ReNew Power. The fund will invest alongside KLP, Norway’s largest pension company.
11 Jan 2023
Food and agribusiness firm Olam Group has announced plans to list its Olam Agri Holdings unit as early as the first half of 2023, with a primary listing in Singapore and a potential concurrent listing in Saudi Arabia.
10 Jan 2023
Keppel Offshore & Marine (Keppel O&M), through its wholly owned subsidiary Keppel FELS Limited (Keppel FELS), has secured a contract from an unnamed international renewable energy company for the construction of an offshore substation (OSS) worth approximately US$97 million.
6 Jan 2023
Aviation Capital Group (ACG), a US-based subsidiary of Tokyo Century Corporation, has secured a US$600 million loan from Japan Bank for International Cooperation and MUFG Bank. The loan will be used to procure planes for ACG’s aircraft leasing business.
4 Jan 2023
On The Move
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
Allspring Global Investments has opened a new office in Hong Kong and appointed Linda Luk as head of sales for North Asia.
17 Jan 2023
The Financial Services Development Council (FSDC), an industry advisory body established by the Hong Kong Special Administrative region government in 2013, has announced the appointment and reappointment of members to its committees, with effect from January 17.
16 Jan 2023
Citi has appointed Tibor Pandi as Citi country officer (CCO) for Singapore, effective February 1. Pandi will have oversight of all businesses and operations in the country and will be responsible for driving overall franchise performance. He will report to Amol Gupte, head of South Asia and Asean for Citi.
16 Jan 2023
PGIM Real Estate has strengthened its Asia-Pacific investment team with the appointment of Eileen Yong as executive director and deputy portfolio manager for its Asia core strategy.
11 Jan 2023
Eastspring Investments, Prudential’s asset management business, has appointed Faizal Gaffoor as deputy regional chief executive officer and head of products and partnerships in Asia.
11 Jan 2023
James Raby has 15 years of experience in strategy, corporate, finance, internal auditing
9 Jan 2023
Jeremy Porter has over 30 years of experience across various risk, finance and actuarial roles
9 Jan 2023