Asia Pacific

State-owned China Power International Development (CPID) is heading to the onshore bond market for Rmb2bn ($312.4m) of funding. The Hong Kong-incorporated borrower wants to attempt its first Panda since 2016, but it needs regulatory approval first.

Foxconn Industrial Internet (FII) has pulled off China’s largest A-share IPO in three years after winning demand from the country’s tech titans.

Philippine firm Rizal Commercial Banking Corp is seeking a $300m offshore loan via five mandated lead arrangers and bookrunners, according to a banker with knowledge of the deal.

China Energy Reserve & Chemicals Group Co (CERCG) said on Sunday evening that it has officially defaulted on its dollar bonds, marking the third offshore default from Greater China in recent weeks. Markets participants are not stressing about it though, but are instead optimistic about a strong week for primary and secondary markets.

David So, an executive director for debt capital markets, Asia Pacific, is leaving Natixis to join a competitor.

Leonard Ng has joined Standard Chartered’s debt capital markets team in Singapore.

Former Nasdaq-listed iDreamSky Technology Holdings has filed for an IPO in Hong Kong, two years after it was taken private.

The banking and insurance watchdog sets new indicators to measure Chinese bank liquidity, premier Li Keqiang says markets must have a bigger role in allocating resources, and Bank of China’s data shows offshore renminbi bond yields rising above onshore counterparts.

China Overseas Grand Oceans Group (Cogo) raised a larger than expected $500m from a three year bond on Thursday, a week after pulling a 2023 transaction. Future Land Holdings Co also managed to woo investors to a $200m tap.

China’s central bank commits to better communications with market participants, the China Securities Regulatory Commission says it will do more to support green development in the capital markets, and the government announces upgrades for three free trade zones.

Credit Suisse has hired three senior bankers from rival firms in Hong Kong to beef up its Asia Pacific prime services unit, according to an internal announcement seen by GlobalCapital Asia.

Public institutions want to up their stake in RMB assets, S&P says it wants a subsidiary in Mainland China, and Fidelity warns investors of rising default risk among corporate issuers in the onshore bond market.