The past few months have been full of frustration for Hong Kong’s debt bankers. Aside from the stifling heat and incessant downpours, deal flow has virtually ground to a halt since Federal Reserve chairman Ben Bernanke first uttered the word “tapering”, an eventual reduction in asset purchases by the US central bank.
Now, just as many are starting to pack their bags for sunnier shores, the market seems to be sputtering back to life.
Mr Bernanke’s first mention of tapering in May sent debt markets worldwide into a tailspin. But Asia was in many ways the worst hit region.
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