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Euromoney targeted equity analysts covering Asian companies that were constituents as of July 26 2007 of the following indices, the biggest exchanges for domestic shares in the respective countries: Shanghai Composite (People’s Republic of China);

The CEE region has huge potential for renewable energy, but there are obstacles to its development – not least the apparent unconcern of the region’s largest nation. Can Russia be induced to get behind the drive for cleaner energy? Jethro Wookey reports.

Rob Joliffe, head of debt capital markets at RBS, is leaving the bank for personal reasons. Joliffe’s contract runs out in March, and although he has said that he is available to assist with the integration of ABN Amro, it is understood that he is already working on a part-time basis. Before RBS, Joliffe spent a good proportion of his professional life at Goldman Sachs where his last role was head of European FIG coverage. His replacement has not been announced. Simon Drake Brockman, head of debt markets, is moving to the US in the New Year where he will also run the Greenwich debt business.

Contrary to the conventional wisdom, there has been a massive transfer of wealth from the banks to the hedge funds, says Neil Wilson.

The research shows a genuine and substantial increase in private wealth and comes as the global economy continues to battle the effects of this summer’s US sub-prime crisis, proving that while some major investment banking arms and hedge funds suffered losses, private banks have had a bumper year.

The flight of the Russian phoenix

The year of the MTF?

Eastern Europe has borrowed cheaply this decade to fund a credit binge. Now, as the global credit crisis starts to bite, the region’s economies are becoming increasingly vulnerable.

Japan’s three megabanks have been asked by US counterparts to contribute $5 billion apiece to the fund they are setting up to bail out cash-stricken structured investment vehicles hit by the sub-prime crisis.

The European cash equity market’s status quo will be put to the test in 2008 when at least four new multilateral trading facilities open for business. Encouraged by the EU’s Markets in Financial Instruments Directive and the better than expected progress of MTF Chi-X, the newcomers promise to shake things up. Peter Koh reports.

China is again reluctantly opening the door to foreign investment banks, encouraging them to set up local broking joint ventures capable of underwriting debt and equity offerings, and possibly a range of other services including wealth management, private banking, and institutional broking. China’s stock regulator, the CSRC, is expected to issue new rules on the sector in the next few weeks. So far, Citi, Credit Suisse and Morgan Stanley are ahead in the race to secure a Chinese partner.

The year of the MTF?