China had 397 “risky” trust products valued at 82.4 billion yuan as of September, today’s report said, down from 91.7 billion yuan three months earlier.
Malaysian state investor 1 Malaysia Development Bhd (1MDB) slid into the red in the last financial year on a sharp increase in borrowing costs, delivering a weak set of accounts ahead of a planned $3 billion IPO for its power assets.
This year, responses were captured from more than 620 investors from the United States, Canada, Latin America, Australia and New Zealand, Europe, Asia and the Middle East.
On October 24, China and 20 other countries signed a memorandum of understanding for the establishment of the Asian Infrastructure Investment Bank (AIIB), which is expected to be up and running by the end of 2015.
The report also highlights new market opportunities for wealth managers and private bankers in the developed and emerging economies studied. It uses a proprietary HNWI database comprising 100,000 individuals.
The slowdown in deal-making by large, state-owned companies has been offset by a flurry of acquisitions in the technology sector, with tech giants Tencent, Lenovo and Alibaba the most active.