Asia Pacific

Deutsche Bank has appointed Jake Gearhart as head of debt syndicate and origination for Asia Pacific.

In the first RMB round-up of 2016, Hong Kong RMB deposits and cross-border trade settlement recovered in November, RQFII programme added three new entities in December 2015, the Hong Kong and Singapore exchanges both saw strong futures trading volumes in December, ICBC managed nearly Rmb1tr in RMB-won trades, and Zimbabwe will make RMB one of its legal tenders this year. Plus, a recap of GlobalRMB’s top stories this week.

China’s onshore FX market has kicked off its new trading hours this week which allow for trading until 11.30pm. By while the regulator’s move is well intentioned, FX traders who are working the new night shift say the market faces some fundamental problems.

A former loans banker at HSBC has re-emerged in a senior role at Industrial and Commercial Bank of China (Asia).

South Korea's KEB Hana Bank is set to meet investors next week ahead of its first foray into the dollar bond market since its merger.

Bank of Ceylon has decided to pull a $100m loan launched at the end of October 2015 in favour of raising more short-term funding.

Hsin Chong Construction Group is meeting fixed income investors to gauge interest for what would be its second dollar bond.

National Australia Bank (NAB) priced a seven year Swiss franc note this week, making it the first international issuer in the currency for 2016.

Options on Hong Kong-listed Chinese shares traded at one of the most expensive levels of relative value in recent history on Thursday as traders bid the premium for Hang Seng China Enterprises Index (HSCEI) contracts well above the recent realised volatility of the index.

China has suspended its new policy of using ‘circuit breakers’ to stop trading when its stockmarkets fall too fast, after a week when the market twice fell 7% and was shut down for the rest of the day.

Hungary will meet investors in Hong Kong and Singapore as it prepares to issue the first ever sovereign dim sum bond from the CEEMEA region.

Ronshine China Holdings has sealed Asia’s first IPO this year, pricing its HK$1.81bn ($233.5m) Hong Kong float at the bottom of guidance after a low turnout during bookbuilding.