Asia Pacific

China Resources Pharmaceutical Group and Cofco Meat Holdings are planning to float on Hong Kong’s main board, having filed for approvals from the city’s exchange on Monday.

Biostime International Holdings’ refinancing of a $450m bridge loan has been oversubscribed in syndication.

Early offers in 5-year CNY NDIRS faded given building expectations for a corrective curve steepening move. China will look to sell CNY14bn in dim sum bonds in Hong Kong this week. CNY/KRW can now be traded directly in the FX market, writes Deirdre Yeung of Total Derivatives.

Morgan Stanley has appointed a new chief China economist, poaching from Goldman Sachs.

Citic Securities Company has named Yang Minghui as a general manager, firming up his appointment at a meeting of its board of directors.

Electrical fixtures maker Aupu Group Holding Company is sounding out lenders for a borrowing of about $100m, according to two bankers familiar with the matter.

Volatility has reigned following the UK’s decision to exit the European Union last Friday. But market participants in Asia are now hopeful that the region’s high yield market will be a new go-to place for investors trying to redeploy their funds away from Europe.

Singapore water treatment firm Citic Envirotech is seeking a tap of the $175m 5.45% perpetual notes that it originally sold last year, becoming the first issuer in Asia to test the G3 market since Brexit.

Real estate developer Vietnam Investment Group Joint Stock Co (VIG), which signed a $200m three year loan last year, is understood to be considering prepaying the money.

India’s National Stock Exchange is planning to file a draft red herring prospectus by January 2017, according to a statement from the bourse on Monday.

Hong Kong listed Chinese real estate company Skyfame Realty has sealed a $60m two year term loan with one lender.

German carmaker Daimler returned to the Panda bond market following a more than two-year hiatus, raising Rmb4bn ($604m) from a private placement.