There is an increasing number of people calling for the Hong Kong dollar to be pegged to the renminbi, but John Greenwood, who proposed the peg to the dollar three decades ago, tells Stefanie Eschenbacher that it is too early to abandon it.

There is an increasing number of people calling for the Hong Kong dollar to be pegged to the renminbi, but John Greenwood, who proposed the peg to the dollar three decades ago, tells Stefanie Eschenbacher that it is too early to abandon it.

The 81 high yield bond issuances completed in the Asia Pacific excluding Japan region made last year the busiest on record. However, Evan Thorpe of Dealogic says taking China out of the equation shows that overall market activity ranged at around the same level seen since a decade ago.

Indonesia was the worst-hit country during the Asian financial crisis and summer stirred up bad memories. Stefanie Eschenbacher finds asset managers in Jakarta are focusing on the long-term potential.

Indonesia will have to reinvent the concept of Islamic finance to compete with its rival Malaysia, whose assets dwarf those of all other Asian countries combined. Stefanie Eschenbacher talks to the central bank and other pioneers.