27th January 2016
On January 18, a delegation led by Arkady Dvorkovich, the Deputy Prime Minister of the Russian Federation, visited the Stock Exchange of Hong Kong. It was not the first time a high profile dignitary from Russia had toured its facilities.
29th August 2014
The ice bucket challenge has been all the rage on social media recently, but Indian GDR issuers have been taking a cold shower for quite a while longer.
20th March 2014
I now write “Clawback” for GlobalCapital (formerly known as EuroWeek), a new column dissecting topics in Asia’s equity capital markets.
13th May 2011
US handbags and accessories house Coach Inc. is the latest in a long list of fashion and consumer groups to seek a listing in Hong Kong. As structured, however, the proposed transaction is likely to do little beyond generating press coverage for the brand, but perhaps that’s what it’s aimed at?
24th February 2011
As more Brazilian companies are said to be considering a listing Hong Kong to follow in Vale’s footsteps, and as reported by The Wall Street Journal on 23 February, Hunan-based Sany Heavy Equipment International Holdings Co. Ltd. (“Sany International”) has announced plans to issue DRs in Brazil.
23rd February 2011
Singapore Exchange (the SGX) is enhancing its suite of American Depositary Receipts (ADRs) by adding new companies from other Asian countries, and partnering with a second depositary bank.
21st January 2011
For years, depositary banks such as The Bank of New York Mellon, Citi, JP Morgan, Deutsche Bank or HSBC have tried to keep secret details of the subsidies they pay to issuers to entice them to sign up for sponsored ADR programmes. Disclosure rules introduced by the SEC in 2009 have now revealed details of such payments for the first time.