Henry Cai's private equity fund is tapping Chinese and Asian demand for European small- and mid-caps with a technology focus and ambitions to expand into Asia, its MD says.
The opening up of China’s domestic bond market has been the most important capital markets initiative of the past decade. European borrowers are considering their options.
The perpetual tier-1 bond issue by Julius Baer in mid-November marks the latest example of European banks seeking Asian investor support to secure cornerstone capital bond issues.
Taiwan’s formosa market is attracting European borrowers thanks to the island’s friendlier regulatory environment, with UBS raising two bonds in just over two weeks.
Statistics show that what happens in Europe has little bearing on the financial performance of Asian companies. But perhaps now is the time to change that.