Asia Pacific

Industrial and Commercial Bank of China has appointed Yi Huiman as its new chairman, replacing Jiang Jianqing who is retiring, having tendered his resignation on May 31.

Kitty Leung, who worked in the loan syndication department at Rabobank in Hong Kong, has left the Dutch lender.

India’s first convertible bond since 2014 emerged this week, with Glenmark Pharmaceuticals raising $170m from an unusual trade that had to overcome regulatory hurdles, as well as a novel structure.

Indian mortgage lender HDFC is seeking $375m five year money in general syndication and is set to receive the entire loan from the leads this week.

Malaysia’s Khazanah Nasional sold nearly 2% of its stake in IHH Healthcare this week, raising MR828.7m ($200.5m) from what is the sovereign wealth fund’s first block trade in the company’s shares since its listing in 2012.

I was never a fan of banking conferences. I certainly enjoyed a day away from my screens, but I did not like being among a multitude of people bustling around in a tiny space. One of my friends endured one such quintessential Hong Kong experience on a recent visit.

Bank of China (BOC) and China Merchants Bank (CMB) have completed China’s first non-performing loan securitizations in more than eight years.

Jiangxi Copper Co is seeking shareholder approval for a pair of private placements in the Chinese and Hong Kong stock markets, according to a filing on Tuesday.

A $12.7bn jumbo Asia-focussed loan to back China National Chemical Corp’s acquisition of Syngenta is “pretty much done”, with several lenders that joined the preceding European syndication reappearing, according to a source close to the situation.

The RMB qualified foreign institutional investor (RQFII) scheme has been instrumental in putting offshore RMB liquidity to work since its launch in 2011. But despite the recent widening of market access raising questions about the scheme’s rationale, it continues to appeal to international asset managers wanting access to China.

Tullett Prebon, the interdealer broker, has hired a global head for its alternative investments division and, separately, has become the first platform to send a swap execution facility (SEF) trade for clearing in Japan.

Google is exiting its stake in Lenovo Group via an overnight offering of shares that could raise as much as HK$1.72bn ($221m).