Asia Pacific

China’s regulators have floated the idea of using Chinese Depository Receipts (CDR) to attract the mainland’s new economy giants to list on the home market — a big step in the right direction if China wants to win the returning business of its foreign listed technology firms. But with rules around the issuance still in the works, focusing on small names may reap big rewards.

An official with the Shanghai Stock Exchange (SSE) has slammed a much-discussed plan to link the Mainland and Hong Kong primary equity markets.

Thailand’s Ratchaburi Electricity Generating Holding Public Co (Ratch) made a rare appearance in the debt market on Tuesday, raising $300m at a tight price thanks to its scarcity appeal.

Standard Chartered is realigning the reporting lines for its commercial banking and private banking businesses, following Anna Marrs’ resignation.

Qatar Investment Authority pocketed HK$5.2bn ($663.5m) on Tuesday from a simultaneous sell-down in Hong Kong-listed Lifestyle International Holdings and Lifestyle China Group.

Westpac Banking Corp has appointed Michael Correa as general manager for Asia Pacific.

There was a rare sighting in the Panda bond market this week, as international investors outnumbered their onshore counterparts. The Republic of the Philippines completed its first transaction in the asset class, taking home Rmb1.46bn ($230.8m).

China Xinhua Education Group has raised HK$1.3bn ($166.2m) after pricing its IPO at the middle of guidance, according to a source close to the deal.

Senior banker Chris Marschall has joined Crédit Agricole as its new equity capital markets head for Asia Pacific, as the French bank starts building an ECM business in the region.

Malaysian state-owned oil and gas company Petronas’s chemicals unit has signed a bridge loan for $1bn as part of the conditions of its divestment agreement with Saudi Aramco.

Malaysian rubber gloves manufacturer Top Glove Corp has sealed a $310m loan, with robust support from banks making the deal 2.5 times covered.

Beijing Capital Group debuted in the green bond market on Monday with a $600m-equivalent deal featuring dollars and offshore renminbi (CNH), finding enough buy-side support to tighten pricing by over 20bp on both the tranches.