Asia Pacific

Beijing Capital Land has set the ball rolling for a three tranche rights issue, eyeing around $361.5m from a deal combining its offshore and domestic shares.

Health and Happiness International Holdings, a China-based supplier of paediatric nutritional and baby care products, has increased the size of its loan to $675m on strong demand.

Venus Medtech (Hangzhou), a Chinese biotechnology company, has wrapped up its Hong Kong IPO at the top end of guidance, raking in HK$2.6bn ($311.1m).

HSBC has picked Georges Elhedery and Greg Guyett as co-heads of its global banking and markets (GBM) division, replacing Samir Assaf, who has been handed a new role as chair of corporate and institutional banking.

JS Global Lifestyle Co, a Hong Kong-based small appliance manufacturer, has started taking orders for its second attempt at a listing, launching bookbuilding on Monday at a fixed price.

India’s Aditya Birla Finance (ABF) has closed its second offshore borrowing this year with three lenders.

Poly Property Development has launched a roadshow for its Hong Kong IPO, with Singapore's sovereign wealth fund GIC throwing its weight behind the company.

Months after failing to repay both renminbi and dollar bonds, Haikou Meilan International Airport has now confirmed the non-payment, adding to the spate of recent defaults from Chinese issuers.

Certified green bond issuance globally has reached new highs this year, boosted by transactions from some of China’s largest banks. But deal flow from the Mainland still remains focused on the onshore market, with just a small group of borrowers venturing out to international investors.

In this round-up, Chinese exports shrank in November while imports rose unexpectedly, the China Banking and Insurance Regulatory Commission (CBIRC) will lift foreign ownership caps on life insurance companies to 51%, and the Mainland will waive import tariffs on US soybeans and pork.

Responsible investors like to think they are helping to advance the fight against climate change. But 13 years after the Principles for Responsible Investment was founded, with $86tr of assets now managed according to them, most investors are still positioned as if the very policies they desire were never going to happen.

GDS Holdings raised $250m from a follow-on offering of new shares on Thursday, according to a term sheet seen by GlobalCapital Asia.