Bank of Thailand (BOT) to Tackle High Household Debt
In line with Bank of Thailand's bid to deleverage high debt in certain segments, debt management agency will be established by 2017. The agency will act as a mediator between debtors and lenders to ensure that the household debt level (under control) and will not affect the overall economic and financial stability of the country.
China Great Wall Asset Management Co., Ltd.: Officially Founded in Beijing
On 11 Dec. 2016, China Great Wall Asset Management Co., Ltd. was officially founded in Beijing, finishing the shareholding reform of the big four AMCs in China under the approval of the State Council, which is a major improvement in deepening the reform of China's state-owned financial institutions
Zheshang AMC and Ningbo Government Plan to Set Up A Joint Company
On October 29, Mr. Xu Deliang, President of Zheshang AMC, meet with Mr. Lu Ziyue, Mayor of Ningbo City. The two parties reached an agreement to jointly set up an asset management company in Ningbo City, PRC.
China Great Wall Sells USD 500 Million of 2017 Bonds
China Great Wall successfully placed USD 500 million worth of bonds with a 2.5% coupon. The bond, priced at 99.502%, will achieve maturity in the year 2017.
COAMC Sets Up USD 2 Billion Overseas Medium Term Notes Scheme
China Orient becomes first public AMC in PRC to set-up Overseas Medium Term Notes worth USD 2 billion, of which USD 1 billion have been issued. Mood and Fitch rates the schemes "AAA" and "A-" ratings, respectively.
China Cinda Completes Issuance of New Financial Bonds
China CINDA completed the issuance of three-year and five-year fixed rate financial bonds, respectively, in the aggregate amount of RMB20 billion in China's national interbank bond market.