Asia Pacific

Clawback turns his focus to cornerstones. Once a useful tool for creating demand, the process has morphed into a kind of insurance policy for IPOs, writes Philippe Espinasse.

China South City Holdings (CSC) has returned to US dollars after an absence of close to three years.

Industrial Bank is set to test investor appetite for its maiden dollar offering after setting up a new medium term note programme and mandating firms for a transaction.

The State Administration of Foreign Exchange (Safe) revised the rules for RMB qualified foreign institutional investors (RQFII) seeking quotas, making allowances proportional to overall assets. In addition, all official institutions can now invest under RQFII with no quota limits, the regulator announced on September 5.

Standard Chartered has made a pair of top-level appointments in southeast Asia, naming the first local CEOs for its Thailand and Philippines offices.

The CNY steepening move is continuing but expected to meet resistance soon. China's bond market faces joint regulation from PBOC and CSRC. ICBC is planning a dim sum bond issue, writes Deirdre Yeung of Total Derivatives.

Bank of Tokyo-Mitsubishi UFJ’s head of loan syndications for southeast Asia is set to leave by the end of the month, according to sources.

China Huarong Asset Management is preparing to return to the debt market, mandating firms for a perpetual Reg S offering.

American International Group stirred up the equity market over the weekend, offloading its remaining stake in China’s PICC Property and Casualty Co through a HK$1.5bn ($193.4m) block.

A S$350m ($259m) loan signed between Lippo Malls Indonesia Retail Trust (LMIR) and a group of lenders has opened into syndication.

The Central American Bank for Economic Integration (Cabei) found plenty of suitors in the Formosa bond market, sealing a Rmb1bn ($150m) offering on Friday, its second deal in a week.

Gridsum Holdings, which recently filed for a listing on the Nasdaq, is testing investor appetite for the $75m-$100m transaction.