Asia Roundup
RBA Bracing for Private Credit Default Rates to Increase
The Reserve Bank of Australia is bracing for mounting defaults across the ballooning private credit sector and is concerned that any financial shock from the industry will be exacerbated by highly concentrated loan books in the property sector among fund managers, AFR reported.
Internal documents from the central bank released to The Australian Financial Review under Freedom of Information also reveal that the RBA is worried about the fallout from a rupture in overseas private credit markets, such as the collapse of a major fund.
Singapore’s CapitaLand Disbands Special Opportunities Team
Singaporean asset manager CapitaLand Investment has disbanded its special opportunities team, bringing an end to a dedicated unit that was set up to pursue investment strategies that typically came with higher risks, Bloomberg reported.
The five-person team was led by Gabriel Fong, who left in December after less than two years at the firm. He joined Ares Management around a month later. Two other members of the team headed for the exit in June, while the remaining two have been reassigned to other areas within CapitaLand Investment.
CapitaLand has been grappling with challenges in its core markets, according to Bloomberg. Its workforce in China shrank by about 10% last year as the country’s property slump raged. Headcount in Singapore also declined.
China Vanke’s Board Overhaul Cements Shenzhen State Control
China Vanke has nominated a new board entirely controlled by Shenzhen’s state-owned sector, marking the end of the embattled developer’s long-standing professional-manager system, Caixin reported.
All six candidates for non-independent director seats on its next board come from Shenzhen’s government or state-owned enterprises, according to a company filing. None are from the developer’s longtime professional-management team.
Vanke said it expects a first-half net loss attributable to shareholders of between 12 billion yuan ($1.8 billion) and 15 billion yuan, widening from a loss of about 11.95 billion yuan a year earlier.
Indonesia Roundup
Pos Indonesia Delays Sukuk Payment Due to Cash Shortage
Indonesian state-owned postal company Pos Indonesia has delayed the payment of IDR 24.12 billion (USD 1.3 million) for its Islamic bonds (Sukuk) due to a cash shortage, according to its stock exchange filing.
Indonesia’s Anti-Graft Prosecutor Quits After Police Seize Gold, Cash
Indonesia’s top anti-corruption prosecutor resigned on Saturday (11 July 2026), the Attorney General’s Office said, after police investigating graft cases seized millions of dollars in cash and gold bars from properties including his home, AFP reported via CNA.
Assistant Attorney General for Special Crimes Febrie Adriansyah stepped down following raids this week on at least 12 locations that included properties linked to him in and around the capital, Jakarta.
Acrostics Asia is an independent credit intelligence provider that connects the dots across Asian sovereigns, private credit and restructurings.