ICMA in Asia Pacific
 
ICMA has established an Asia-Pacific representative office in Hong Kong and has launched the Asia-Pacific Regional Committee to effectively address the needs of its members in the region and promote regulatory and market practice initiatives related to ICMA’s areas of international expertise.

Among the association’s activities in Asia Pacific:
  • ICMA facilitates two debt primary market committees in the region, the Asian Bond Syndicate Forum and the Asian Legal, Documentation, and Transaction Management Committee, which allow participants to shape cross-border primary market practices in Asia and provide Asian perspectives on European regulation and practice.
  • In China, ICMA advises PBOC on green finance regulations and works with the National Association of Financial Market Institutional Investors (NAFMII) on developing the Chinese onshore bond markets. ICMA and NAFMII recently published a comparative analysis between Chinese and international primary market practices.
  • In Southeast Asia, ICMA advises a number of countries on international standards to assist in the development of their repo market structure, oversight, and documentation; ICMA also holds frequent workshops on the Global Master Repurchase Agreement (GMRA).

ICMA works together with a number of associations in Asia:
ICMA also has observer status on ASEAN+3 Multi-Currency Bond Issuance Framework (AMBIF)'s Documentation Recommendation Board (ADRB), which provides recommendations on best market practice and standard documentation for professional bond markets for the ASEAN + 3 region (refers to the 10 members of the Association of Southeast Asian Nations (ASEAN) plus the People’s Republic of China, Japan, and the Republic of Korea).


Useful links:
I. Green bond market

The practice and prospects for green bond market development at home and abroad - published by the NAFMII-ICMA Working Group, 8th UK-China Economic and Financial Dialogue (2016).
China's Green Bond Market, 11 January 2017

English versions of the Green financial bond rules of the People’s Bank of China (PBOC):
These translations have been coordinated and made available by ICMA for information only. In case of any discrepancy between these translations and the original Chinese version, please refer to the Chinese version as the official document.


II.  Silk Road Bonds from ICMA Quarterly Report October 2016


III. ASIFMA–ICMA Guide to Infrastructure Financing in Asia - August 2016


IV. ASIFMA-ICMA Guide on Repo in Asia – August 2015


V.  Practices and procedures in the Chinese and international primary debt capital markets - published by the ICMA-NAFMII Working Group, 6th UK-China Economic and Financial Dialogue - September 2015

VI. ICMA in Asia Pacific brochure


VII.Recordings of briefing calls for ICMA Asia Pacific members:
ICMA Executive Education has held a number of public courses in Asia. These include:-
  • Securities Operations Foundation Qualification (SOFQ) in Malaysia
  • Derivatives Operations in Malaysia
  • ICMA Fixed Income Certificate (FIC) Programme in Hong Kong and South Korea

We have also recently held the following in-house courses:-
  • 3 day Repo course for a leading bank in India
  • 3 day Collateral Management course for three banks in Singapore
  • 1 day SLB, Repo and OTC Derivatives course for a bank in Singapore

Online courses

We also welcome many delegates on our online programmes from the Asia Pacific region. These courses allow participants to study the material in their own time and at their own pace. The courses are:-

In-house courses

ICMA Executive Education can deliver any of its advertised public courses as in-house programmes. Courses can be delivered in their current format or modifications can be made where necessary to accommodate a client’s specific training needs. This allows for subjects specific to the organisation to be addressed, which might otherwise not be raised in a public forum. Click here for further information.

To see our full course listing, click here.


NDRCTC (Training Center of the China National Development and Reform Commission)

ICMA works in co-operation with the Training Center of the NDRC in accrediting the Corporate Finance Consultant Certificate (CFC) Programme, an international professional qualification in the specialised field of corporate finance. It is based not only on research on how to help enterprise financing, investment and risk management issues by experts both in China and abroad, but also on the financial needs of Chinese based enterprises, especially SMEs. To date, almost 3,000 delegates have successfully achieved the CFC qualification.

Click here for more information on the CFC.
Click here to see lists of the CFC certificate holders.



SUPPORTED EVENTS


Future of Finance Summit 2017


Date: 8 - 9 June 2017

Venue: Singapore EXPO Convention & Exhibition Centre

Organiser: The Asian Banker

The Asian Banker Summit has been re-branded as The Future of Finance Summit. The Future of Finance Summit is the leading financial conference that brings together wide range of players in the financial service industry. The Future of Finance Summit will feature a host of amazing, unique and out-of-box speakers and panelists who will help us break through our thinking on the transformations that are happening globally.
 
Get 5% Discount for ICMA members (Indicate the code FoFPartner below the registration fee)
 
To view the event, please click here. To register, please click here.




ASIFMA’s 7th China Capital Markets Conference

Date:
14 June 2017

Venue: JW Marriott Hotel Hong Kong

Organiser: ASIFMA

ASIFMA is pleased to present the 7th China Capital Markets Conference, to be held on Wednesday 14 June 2017 in Hong Kong. This ASIFMA’s signature conference will bring together 400 regional regulators, sell side, asset managers, corporate treasurers, infrastructure and green financing firms, fintech experts and China-watchers to discuss the various topics including China macro, fixed income, FX, equities, regulatory and asset management aspects.

For more information on the event, please refer to the conference website www.asifma.org/china2017. The conference program, confirmed speakers and other details will be updated there.

If you would like to join the event as a sponsor, please email ccheung@asifma.org by Friday 5 May 2017.

ICMA members can enjoy the discounted delegate fee at USD280 per person (original at USD350). Please enter the PROMO CODE: CCMC2017GOE.

To view the event, please click here. To register your attendance, please click here.



Fixed Income Leaders Summit APAC 2017

Date:
26 – 28 September 2017

Venue: The Westin, Singapore

Organiser: Worldwide Business Research

Benchmark With The Best To Build A World Class Fixed Income Business

Designed by the buy side for the buy side. With 300+ leaders from the full fixed income value chain – regulators, buy and sell side, trading platforms, and technology partners - all exclusively in one place at one time. Quite simply the must-attend meeting place to shape the future of your industry.

If you're serious about building a winning fixed income desk, then don't miss this opportunity to benchmark your people, processes and technology with those leading the way.

To view the event, please click here. For more information and to register, please click here.


PAST EVENTS

Japan Securities Summit 2017

The Japan Securities Dealers Association (JSDA) and the International Capital Market Association (ICMA) co-hosted the Japan Securities Summit on 8 March at the Mansion House in London.
 
The summit, featuring contributions from a high-level delegation from the Japanese market, government and central bank, helped European investors and financial market professionals to understand challenges and the potential of Japanese economy and securities market.

The seminar was open to all ICMA members and interested financial market participants.

For more information about the seminar click here.



Briefing on “The International Capital Market Association Primary Market Handbook”, 28 February 2017

This half-day briefing helped market participants to gain a better understanding of the International Capital Market Association (ICMA) Primary Market Handbook and its practical application to transactions in the international capital markets.

The ICMA Primary Market Handbook, which sets out recommendations, guidance and standard wording and documentation for syndicated cross-border securities issuance, is widely used by ICMA members when lead managing such issues.

Since its launch in 1985, the Handbook has grown from a few short pages covering the issuance of straight Eurobonds to a comprehensive document covering a broad range of international securities. It is very much a ‘live document’, continuously responding to market developments when guidance or standardisation is required. Recent revisions include changes to the form of debt selling restrictions and an explanatory note on the operation of pre-sounding, bookbuilding and allocation processes.

Key areas covered:
•    History, nuts and bolts of the ICMA Primary Market Handbook;
•    Scope and practical application of the ICMA Primary Market Handbook; and
•    Recent revisions and topical issues (e.g. Market Abuse Regulation, allocation procedures and stabilisation).

For more information about the seminar click here.    



ICMA & Clifford Chance seminar: an in-depth review of the Global Master Repurchase Agreement (GMRA), Hong Kong, 13 December 2016

Organiser: ICMA & Clifford Chance

For more information about the seminar click here.




ICMA & Clifford Chance seminar: an in-depth review of the Global Master Repurchase Agreement (GMRA), Singapore, 29 November 2016

Organiser: ICMA & Clifford Chance

For more information about the seminar click here.




Belt and Road Summit – Financing Through the Silk Road Bond, Hong Kong, 8 September 2016

ICMA and Dagong Global Credit Ratings co-organized the “Belt and Road Summit – Financing Through the Silk Road Bond”, in Hong Kong focusing on “Belt and Road” economic growth, financing needs and how to bridge the gap in the current system. It was agreed that the opportunities offered by the “Belt and Road” markets are immense and that the ability of the countries involved, especially for those with less developed financial markets, to raise foreign funds to finance their infrastructure projects is vital to the success of “Belt and Road” economic growth. The summit explored the potential of the Silk Road Bond for financing this initiative.

Following the Summit, ICMA intends to work with key stake holders including major Chinese and international banks, law firms, audit firms and credit rating agencies, to assess the feasibility of developing Silk Road Bonds. The main areas of focus are expected to be:
  • Engagement with the stakeholders whose support is critical to the success of the initiative including, the Chinese authorities, authorities of other belt and road countries, multilateral development banks and investors.
  • Agreement of a set of principles for the issuance of Silk Road Bonds
  • Assessment of the risk appetite amongst investors for this asset class.
For more information about the Summit click here.




China’s Integration in the International Capital Markets, Shanghai, 6 September 2016

Following the G20 Summit in Hangzhou ICMA and China (Shanghai) Pilot Free Trade Zone Lujiazui Administration Bureau hosted a roundtable on China’s Integration in the International Capital Markets, at which CEOs of major Chinese financial institutions, officials and the Lord Mayor of the City of London discussed the outlook for the future participation of China in global financial markets.

  




Launch of the remodelled ICMA Primary Market Handbook, Singapore and Hong Kong, 13 November 2015

In November 2015, delegates joined us for the launch of the remodelled ICMA Primary Market Handbook, where they heard what has changed, what has stayed the same, and how the new Handbook is structured. The event also involved a panel discussion and Q&A session with senior market participants.

For more information, click Singapore and Hong Kong.




ICMA AGM and Conference, Amsterdam, 3-5 June 2015

The 2015 conference featured a major section on ‘Developments in China’s onshore RMB market’ with speakers including Jianhong Liu, Deputy Secretary General, NAFMII; Mingyou Bao, Chief Representative, People’s Bank of China Representative Office for Europe; and Zhen Xu, Chairman, Shanghai Clearing House.

For more information and to view the speeches, click here.




ICMA Asia Primary Market Forum, Hong Kong, 12 March 2015

In March 2015, ICMA held its inaugural Asia Primary Market Forum in Hong Kong, which brought together delegates from syndicate desks, legal and operations teams, infrastructure providers, law firms, and regulators across the region. Panel discussions on the regional markets focused on bond syndicate practices and legal and documentation questions; they covered topics including pricing guidance, the art and science of distribution to investors, secondary market liquidity, reducing reputational risk, enhancing due diligence and disclosure for new and infrequent issuers, managing information flows during the marketing process, and documenting credit support structures common to Asia.

At the same event ICMA held an introductory workshop on the ICMA Primary Market Handbook, which is used as a key reference for standard market practices in debt capital market transactions in the region. The handbook covers internationally syndicated primary debt capital markets offerings, generally excluding high-yield and equity-linked transactions. Also, many of the long-standing principles and standard clauses of the handbook have been borrowed and adapted to local Asian capital markets.

For more information and to access the presentation slides, click here.




ICMA & Clifford Chance seminars: in-depth reviews of the Global Master Repurchase Agreement (GMRA)

In April and June 2015, ICMA held in depth reviews of the GMRA, jointly with Clifford Chance in Singapore.




ICMA Repo Workshops

ICMA has held several in-house repo workshops in recent years in Manila, Kuala Lumpur, Jakarta and Hanoi. If your firm is interested in hosting an in-house repo workshop, please email Allan Malvar.
ICMA Legal & Regulatory Helpdesk in Hong Kong

(Members only)


+852 2531 6590


For legal enquiries: legalhelpdesk@icmagroup.org

For market practice and regulatory policy queries: regulatoryhelpdesk@icmagroup.org



ICMA representative office in Hong Kong

Phone: +852 2531 6592

Address
Hong Kong Representative Office
Unit 3603, Tower 2, Lippo Centre
89 Queensway Admiralty
Hong Kong

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Mushtaq Kapasi
Chief Representative, ICMA Asia Pacific

Direct line: +852 2531 6590

EMAIL
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Ricco Zhang

Director, ICMA Asia Pacific

Direct line: +852 2531 6591

EMAIL
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Wing Wong


Assistant, ICMA Asia Pacific

Direct line: +852 2531 6592

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ICMA Executive Education