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| ASIA PACIFIC WEEKLY |
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| Jul 15 - 22, 2015 |
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In this week’s Asia Pacific Weekly, we focus on a number of important credit themes in China.
First, we examine China’s One Belt, One Road initiative, which will prove a net positive for the economy and promote the internationalization of the renminbi. The ambitious initiative aims
to deepen the country's integration with potentially more than 40 countries by creating an unbroken transport and infrastructure network.
We also examine the use of public-private partnerships in infrastructure funding, which could reduce the reliance by Chinese regional and local governments on public sector leverage.
And lastly, we take a close look at China’s growing securitization market, with auto loan asset-backed securities and residential mortgage-backed securities showing high growth potential in the medium term.
On the events front, we will hold a briefing in Melbourne on the systemic risk for Australian banks. We will also hold a briefing on the Japanese pharmaceutical industry outlook. Please refer to the list below for full details of our events |
Best regards,
Min Ye
Managing Director – Regional Head Asia Pacific
To access the information within this email we ask that you register to Moodys.com. Registration is complimentary. |
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RESEARCH |
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Sub-Sovereign: Benefits of PPP Infrastructure Funding in China Will Take Time to Materialize
[21 Jul] the use of public-private partnerships (PPPs) in infrastructure funding could reduce the reliance by Chinese regional and local governments on public sector leverage, a credit positive.
China Credit: One Belt, One Road Is Credit Positive, Despite Rising Overseas Risk Exposure
[20 Jul] China's (Aa3 stable) One Belt, One Road initiative will prove a net positive for the economy -- including the country's underdeveloped inland and western provinces, as well as certain financial institutions and corporates -- and promote the internationalization of the renminbi.
China - Heard from the Market: Chinese Securitization Market Continues to Develop
[16 Jul] China's auto loan asset backed securities and residential mortgage backed securities markets show high potential for growth in the medium term, against the backdrop of rapid growth in the country's securitization market as a whole.
Moody’s Credit Outlook on 16 and 20 Jul
[16 Jul] Korea's Recalibrated Bank Innovation Index Is Credit Negative for Banks; Houlihan Lokey's IPO Is Credit Positive for Parent, ORIX Corporation; Japanese Regional and Local Governments Benefit from Greater Tax Revenue; and more
[20 Jul] BMW's China Joint Venture Profit Warning Will Weigh on Group Profit; Yanzhou Coal Mining’s Inner Mongolian Investment Is Credit Negative; Evergrande's Planned Acquisition of Chengdu Projects Will Raise Its Debt Leverage; Boral Will Benefit from Rise in Australian Dwelling Starts; Bank of China (Hong Kong)'s Sale of Nanyang Would Be Positive for Seller, but Negative for Nanyang; and more |
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RATING EVENTS |
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ANNOUNCEMENTS |
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MOODY'S EVENTS |
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MOODY'S TRAINING SEMINARS |
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HONG KONG
Counterparty Credit Risk, 18-19 Aug
Advanced Corporate Credit Analysis, 7-9 Sep
Corporate Credit Rating Analysis, 2-4 Nov
Fundamentals of Bank Credit Risk Analysis, 5-6 Nov
Insurance Credit Analysis, 25-27 Nov
KUALA LUMPUR
Islamic Finance – Risk Management, 23-24 Nov
Islamic Finance – Sukuk: Theory and Practice, 25-26 Nov
SINGAPORE
Bank Regulation: Impact and Implications of Evolving Regimes, 13-14 Aug
Analyzing Sovereign and Country Risk, 17-18 Aug
Advanced Bank Risk Analysis, 19-21 Aug
Corporate Credit & Cash Flow Analysis, 7-9 Sep
Covenants & Documentation, 11 Nov
Corporate Credit Rating Analysis, 17-19 Nov
Fundamentals of Corporate Credit, 8-11 Dec
SYDNEY
Insurance Credit Analysis, 26-28 Aug
Fundamentals of Corporate Credit, 31 Aug-3 Sep
Advanced Corporate Credit Analysis, 13-15 Oct
Covenants & Documentation, 16 Oct
Corporate Credit Rating Analysis, 19-21 Oct
Fundamentals of Bank Credit Risk Analysis, 22-23 Oct
TOKYO
Fundamentals of Bank Credit Risk Analysis, 3-4 Dec |
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CONTACT US |
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© 2015 Moody's Investors Service, Inc. and/or its licensors and affiliates (collectively, "MOODY'S").
All rights reserved. |
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