Markets
HSBC appoints Christopher Adams as director of Global Asset Management
                                                                                 
                    
                    	Prior to joining HSBC, Mr Adams was Vice President for BlackRock’s Asia ex Japan active equity capability.
                
                                
            HSBC appoints Christopher Adams as director of Global Asset Management
                                                                                                                 
                            
                            	Prior to joining HSBC, Mr Adams was Vice President for BlackRock’s Asia ex Japan active equity capability.
                        
                                                
                        
    
                    Commonwealth Bank to acquire 5% stake in Vietnam International Bank for $55m
                                                                                                 
                        
                        	This will increase Commonwealth’s stake to 20%, the maximum allowed for a foreign investor.
                    
                                        
                    
                BoCom gets go signal to sell $4bn subordinated bonds
                                                                                                 
                        
                        	The lender kicked off the capital structure improvement process with a $3.9bn sale in July 2009.
                    
                                        
                    
                China Merchants Bank secures regulator’s approval for CNY35bn rights issue
                                                                                                 
                        
                        	But the application process with the China Securities Regulatory Commission and the HKEx is still ongoing.
                    
                                        
                    
                Philippine banks petitions to halt 20% bond tax enforcement
                                                                                                 
                        
                        	8 banks seek the country’s Supreme Court mandate to stop imposing the tax.
                    
                                        
                    
                Woori Finance and RBS ink deal
                                                                                                 
                        
                        	The alliance will enable the South Korean lender to issue covered bonds.
                    
                                        
                    
                Asia joins in on global uprising against Wall Street
                                                                                                 
                        
                        	Protestors rallied in Hong Kong and Tokyo in support of the Occupy Wall Street demonstrations that began last month in New York.
                    
                                        
                    
                DBS beefs up debt issuance program to $15bn
                                                                                                 
                        
                        	The $5bn update seen to boost the program whose preceeds will be used to fund the bank’s general business.
                    
                                        
                    
                Central Huijin buys China’s Big 4 stocks
                                                                                                 
                        
                        	The sovereign wealth fund’s support for state-owned banks spurred HKSE rally.
                    
                                        
                    
                Woori Investment & Securities targets $510.3mn from rights issue
                                                                                                 
                        
                        	The company eyes selling 66.74mn new common shares at $7.70 each.
                    
                                        
                    
                Vietnam allows banks to resume offshore gold trading
                                                                                                 
                        
                        	Five lenders will sell six tonnes of gold to help narrow the gap between domestic and international prices.
                    
                                        
                    
                Three steps to winning the confidence game in Asia
                                                                                                 
                        
                        	Only 17 percent of Asian consumers expressed confidence in financial providers in Q2 based on the Corporate Executive Board’s (CEB) quarterly poll of...
                    
                                        
                    
                Give the currency market some thought
                                                                                                 
                        
                        	You are probably exposed to it already even if you did not invest in it intentionally. From holding on to some Singaporean dollar for that weekend...
                    
                                        
                    
                Chinese banks ditched by wary investors at signs of credit bust
                                                                                                 
                        
                        	The cheapest Chinese bank stocks may plunge further as the credit boom is showing signs of turning into a bust.
                    
                                        
                    
                Banks worldwide set their sights on Asia
                                                                                                 
                        
                        	As it is predicted to become the dominant center for global trade flows over the next 12 months.
                    
                                        
                    
                BIDV preparing IPO for Q4
                                                                                                 
                        
                        	BIDV chairman Tran Bac Ha revealed that his bank is preparing for an initial public offering in the fourth quarter of this year.
                    
                                        
                    
                Moody’s says outlook for Vietnamese banks remain negative
                                                                                                 
                        
                        	It is concerned that the profitability and capital buffers of the banks will fall.
                    
                                        
                    
                 
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                             
                     
                             
                     
                             
                             
                     
                             
           
                                 
                                 
                                 
               
                                     
                                     
                                     
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
                 
                 
                 
                 
                 
                 
                