The deal exposes the risks associated with the high yield securities and is likely to make bank borrowing through bonds more expensive in the short term.

Recent efforts to align sustainable bond principles with international best practices show that China is serious about reaching its net zero goals. But it will need to ensure it can boost standards if it is to sustain momentum and investor interest in its green finance sector.

As an avenue of unofficial and unrecorded capital flight, tourism has always been the perfect conduit, but this is becoming increasingly difficult, according to a new report from Natixis.

As the collapse of SVB and crisis at Credit Suisse are spurring fears around capital market contagion, Agarwal offered FA his thoughts on the outlook for Asian debt.