China

A senior China DCM banker from HSBC is taking a new position at CLSA, the international platform of China's Citic Securities.

Property developer China Vanke Co brought a rare investment grade-rated corporate deal to the offshore renminbi (CNH) bond market on Monday, pricing the deal inside its dollar curve after a warm response from investors.

Michelle Wang, who left JP Morgan more than a decade ago, has returned to the bank as its new co-head of China investment banking coverage.

Chinese state-owned Sinochem Group, an oil and chemicals company, has returned to the loan market after one year for a $500m deal.

Three Chinese companies decided to tackle their refinancing needs on Monday with new bonds, grabbing a short issuance window ahead of a public holiday in Hong Kong and some other Asian markets on Wednesday.

JD Logistics has rolled out its long-awaited HK$26.5bn ($3.4bn) listing in Hong Kong, set to be the city’s largest IPO since the beginning of the year.

In this round-up, the People’s Bank of China leaves the one year medium-term lending facility rate unchanged for over a year, it plans Rmb25bn ($3.9bn) of bill issuance in Hong Kong, and the Shanghai and Shenzhen bourses approve China’s first public infrastructure real estate investment trusts since the pilot programme’s launch last April.

In this round-up, China records the lowest population growth in decades, the pace of credit expansion moderates, and a surge in the country’s factory gate prices adds to global inflation concerns.

Chinese road freight company ForU Worldwide is planning a Nasdaq offering of American depositary shares (ADS). It is looking to raise at least $100m.

Credit Suisse is continuing the build-out of its private banking operations in Asia, announcing a spate of appointments for North Asia this week.

A number of Chinese high yield borrowers that hit the dollar bond market this week have seen mixed responses to their notes in secondary trading, which bankers say is a sign of changing market sentiment and investor response.

China Mengniu Dairy Co has raised a HK$2.3bn ($296m) green loan from a group of three banks.