Asia Pacific

BNP Paribas has promoted Paul Yang, the current head of Greater China, to be head of corporate and institutional banking (CIB) for Asia Pacific, according to sources.

JP Morgan has expanded senior bankers Kam Shing Kwang's and Jing Ulrich's responsibilities in Asia Pacific, according to an internal memo obtained by GlobalCapital Asia.

China General Nuclear Power Group is tapping the international loan market for a $500m deal after an absence of almost 30 years.

State-controlled Central Bank of India (CBI) is looking to issue a chunk of new equity, and will put its plans to a shareholder vote later in June.

A unit of China National Chemical Corp (ChemChina) has returned to the loan market for a two-tranche borrowing of €550m.

Wanda Sports Group Company is seeking US Securities and Exchange Commission approval for a float of American Depository Shares (ADS).

Chinese provincial lender Bank of Guizhou has set the ball rolling for an IPO in Hong Kong, filing a draft prospectus with the city’s bourse.

In this round-up, US treasury secretary Steven Mnuchin called the talk with Chinese central bank governor Yi Gang ‘candid’ on Twitter, the Mainland warned domestic tourists and students against planning trips to the US, and both the World Bank and International Monetary Fund (IMF) lowered predictions for Chinese GDP growth thanks to trade tensions.

Two Chinese property companies raised a combined $485m at the end of last week ahead of the holiday weekend in Hong Kong.

Bank of New Zealand (BNZ) gave investors the chance to put some euros into a senior bond on Friday and was well subscribed for its efforts.

The list of companies that have declared their support for the Task Force on Climate-Related Financial Disclosures has grown to 671, with a combined market capitalisation of $9.3tr. This is up from 457 worth $7.9tr in September. The TCFD Secretariat issued its second status report on adoption of the recommendations this week.

The reception for Guangdong Energy Group’s dollar bond debut this week clearly showed the pent-up demand for investment grade names from China, but a question mark hangs over the supply forecast for government-owned issuers — particularly local government financing vehicles (LGFVs). Addison Gong reports.