The Week That Was - capital market, Evergrande, taper, rate hikes,

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A quick recap from the business world.

SC chairman Datuk Syed Zaid Albar said the past two decades under CMP1 and CMP2 have laid strong foundations and brought an admirable level of growth and maturity to the Malaysian capital markets.THE Securities Commission on Monday unveiled its third installment of the capital market masterplan 3 for 2021-2025.

Building on these strengths, the CMP3, he said, was crafted to facilitate innovation and growth whilst promoting good governance. The developer’s massive US$300bil liabilities could spark broader risk beyond China, after reports surfaced that it had missed interest payments on Monday.An onshore arm of the distressed developer said yesterday it negotiated a yuan bond interest payment, reducing concerns over a potential disorderly debt resolution at Evergrande.Some analysts say it could take weeks for investors to have any clarity about how the Evergrande situation would be resolved.

 

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