OREANDA-NEWS. March 03, 2011. J.P. Morgan expects to see continued growth in depositary receipt (“DR”) capital raising activities across Asia Pacific, according to its 'Asia Pacific Year in Review 2010’ DR report issued, reported the press-centre of J.P. Morgan.

The annual report, which includes analysis of DR trends over the past 12 months along with an outlook on the coming year, highlighted a number of key areas in which activity was expected to rise. These included Hong Kong’s HDR market as a destination for global companies seeking to tap Asia’s growth story; the further development of emerging markets within Asia Pacific in terms of capital raising activities, and an increase in the number of issuers from China and Singapore seeking to list DRs on the Taiwan Stock Exchange.

Kenneth Tse, Asia Pacific Head of J.P. Morgan’s depositary receipts group, said: “With the continued recovery of capital markets globally and an improvement in corporate earnings generally, we’re expecting 2011 to deliver another strong year of growth in the Asia Pacific depositary receipts space. China and India will undoubtedly remain key players, but we’re also expecting to see some of the smaller markets like Mongolia and Vietnam begin to assert themselves on the global stage over the next 12 to 24 months.”