FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Japan's Private Credit Assets Surge 2.5 Times as Local Investors Chase Higher Returns

By

Total assets in Japan's private credit funds reached 750 billion yen at the end of February, 2.5 times higher than nearly a year prior, Nikkei Asia reported Wednesday.

Private credit refers to loans made by nonbank institutions such as investment funds, typically targeting midsized or smaller companies, rather than through traditional banks, the report said.

Domestic investors searching for greater returns are fueling rapid growth in private credit funds, even as overseas investors look to exit due to worries about direct lending, the publication reported.

Japanese publicly offered investment trusts in the private credit space held only around 3 billion yen in assets five years ago, Nikkei Asia reported Wednesday, citing QUICK Asset Management Research Center's data.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Shenzhen Huaqiang Industry Forecasts Up to 120% Surge in Q1 Profit

Shenzhen Huaqiang Industry (SHE:000062) forecasts an 80% to 120% rise in its net attributable profit to between 190 million yuan and 232.3 million yuan in the first quarter from 105.6 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse.The electronic information products maker attributed the expected rise to an increase in revenue from its storage products, with shipments surging 250% year over year, the filing said.Shares decreased 2% during the midday break on Wednesday.

SHE:000062
Asia

Shanghai International Airport Logs Higher March Passenger Throughput

Shanghai International Airport (SHA:600009) reported higher passenger throughput at its two airports in March, according to a Wednesday filing with the Shanghai bourse.At the Pudong International Airport, passenger throughput rose 11% year over year to 7.4 million, while its cargo and mail throughput climbed 8.1% to 372,100 tons, and aircraft movements increased 4.7% to 47,395 flights.The Hongqiao International Airport saw a 6.1% year-on-year rise in passenger throughput to 4.4 million, while cargo and mail throughput inched up 0.3% to 35,700 tons, and aircraft movements increased 2.4% to 24,683 flights.

SHA:600009
Asia

Hengyi Petrochemical's Q1 Profit Skyrockets 3,774%

Hengyi Petrochemical's (SHE:000703) net profit attributable to shareholders in the first quarter skyrocketed 3,774% to 1.99 billion yuan from 51.5 million yuan a year earlier, according to a Shenzhen bourse filing on Wednesday.Earnings per share surged 2,600% year on year to 0.54 yuan from 0.02 yuan.The petrochemical producer's operating revenue rose 10% to 29.9 billion yuan from 27.2 billion yuan in the prior year.

SHE:000703