China

Two Chinese policy banks have issued dollar-denominated bonds onshore after a long hiatus, as the renminbi exchange rate continues to strengthen and foreign currency deposits in China hit a record high.

DBS Securities (China) officially opened for business on Monday, as foreign banks continue to expand their presence in the mainland.

JC International Finance and Leasing Co, a wholly-owned subsidiary of China’s Legend Holdings, is making its loan debut.

China Youran Dairy Group and Carsgen Therapeutics Holdings have both rolled out their Hong Kong IPOs.

Evergrande Group's dollar bonds have continued their downward spiral to becoming the worst performing high yield notes last week, as the Chinese real estate company feels the impact over its links with Shenjiang Bank, which has come under fire by regulators.

In this round-up, China’s exports and imports grow at slower-than-expected rates in May, financial institutions will be evaluated on their performance in supporting the economic development of rural China, and two Chinese financial conglomerates plan to set up financial holding companies.

In this round-up, US president Joe Biden signs an executive order that bans Americans from investing in Chinese companies allegedly operating in the defence or surveillance sectors, the People's Bank of China raises banks’ foreign exchange reserve requirement, and Beijing gives greater flexibility to securities companies on a ‘whitelist’.

JP Morgan has appointed Andrew Verdasca as head of East Asia technology, media and telecommunications (TMT), according to an internal announcement seen by GlobalCapital Asia.

Industrial Bank has sold a dual-currency deal through its Hong Kong branch, becoming the first Chinese lender to print an offshore ‘carbon neutrality bond’. It relied heavily on support from a 42-member syndicate team, as well as its relative rarity in the international debt market, to nab around $922m.

Property developer C&D International Investment Group has raised HK$942.5m ($121.5m) from a top-up placement to expand its land reserves.

Two Chinese local government financing vehicles joined the flurry of dollar bonds in the Asia market on Thursday.

SAIC Finance, the auto financing arm of Chinese state-owned SAIC Motor Corp, sold a rare green auto loan ABS this week.