Asia Pacific

GF International Investment Management has promoted Tom Ding to the position of chief executive officer, the Chinese asset manager announced last Friday.

Only one lender is understood to have made a commitment to join China Shengmu Organic Milk’s $120m three year facility, which has been in syndication since December.

Maybank has hired Naguib Hussin from CLSA for its equity capital markets desk in Malaysia. He replaces Norly Khalim, who has transferred to another department within the Malaysian lender.

South Korea’s Samsung BioLogics is set to send out a request for proposals for its IPO, which is likely to launch by the end of 2016, according to market sources.

In this week’s round-up, Taiwan report rise in RMB deposits, investors hand back QFII quotas, JP Morgan Asset Management launches three MRF funds, calls for China to communicate better from Ben Bernanke and Christine Lagarde. Plus, a recap of GlobalRMB's top stories this week.

Korea Exchange has put together a group of specialists to help attract blue chip companies from Indonesia and Vietnam to list in South Korea.

Waste to energy firm Jinjiang Environmental is planning an IPO in Singapore to raise up to $500m in the first half of the year, according to sources close to the transaction.

British Columbia became the first issuer to sell a Panda with a sub-3% coupon on Thursday as its triple-A rating assured investors who were largely unfamiliar with the credit. The Canadian province is parking the proceeds offshore after failing to get tax waiver from China regulators, picking a new bank as the home for its deposit.

China’s domestic green bond market is finally set to open with Industrial Bank poised to become the first issuer, having received the People’s Bank of China’s approval this week.

Andrew Géczy is leaving his role as chief executive officer for international and institutional banking (IIB) at Australia and New Zealand Bank to seek new opportunities.

Falling oil prices and China concerns sent credit spreads to the record wides of recent years this week as equity markets plummeted, with a credit index options expiry coming right at the sharp end of the spike and adding to the turmoil.

While China’s impact on equity markets may have been catastrophic of late, not everything coming out of China is bad news. China’s appetite for gobbling up European firms is high, which should give Europe's debt bankers reason to cheer, despite the market misery.