Asia Pacific

The Securities and Exchange Commission has accused Deutsche Bank of hiring relatives of executives of state-owned enterprises (SOEs) in the Asia Pacific and Russia, in order to win business from those entities.

Mengniu Dairy, a Hong Kong-listed Inner Mongolia-based dairy and ice cream manufacturer, churned out its second Rmb1bn ($141m) super-short term commercial paper on Thursday.

In this round-up, Ren Zhengfei warns employees of Huawei’s fragile situation, Hong Kong tension rages and Goldman Sachs is working to become the third foreign bank to have a majority-owned JV onshore

In this round-up, the US gave Huawei another three months to buy supplies from US companies, the Chinese government revealed plans to turn Shenzhen into ‘a demonstration area of socialism with Chinese characteristics’ and Japan replaced China as the largest holder of US treasuries

Universal Scientific Industrial (Shanghai) (USI), a subsidiary of Taiwan’s Advanced Semiconductor Engineering, is making its debut in the offshore market for a $300m-equivalent loan.

Market participants expect more banks will now want to print Kangaroos after investors on a search for yield poured into UBS's additional tier one (AT1) deal on Tuesday. The syndication, which surprised those involved after it managed to shave 75bp off its initial pricing guidance and attract A$4bn ($2.71bn) of orders, suggested a market ripe for a deal spree.

China’s central bank has shaken up the way banks quote lending rates, reforming an interest rate benchmark to more closely track the market. But onshore bankers expressed doubts about the move. Rebecca Feng reports.

Yanlord Land Group offered a welcome bit of supply in Asia’s otherwise tepid bond market this week, breaking the silence to raise $400m from just its third dollar deal in eight years.

Emerging market consumer lender Home Credit will list on Hong Kong’s stock exchange in early October, despite political unrest-driven volatility that has scared off other issuers, according to a source close to the deal. Jonathan Breen reports.

CLSA, the international arm of China’s Citic Securities, has recently made three senior hires in its global debt financing team.

Korea Development Bank moved to place the largest Korean Kangaroo earlier this week, a note that was also priced more tightly than any other Korean-issued Aussie dollar deal.

A $170m loan supporting Blackstone’s acquisition of Essel Propack (EPL) has been launched into general syndication, attracting two lenders already.