China

A veteran capital markets banker from Standard Chartered has joined CLSA in Hong Kong as head of debt syndicate.

Chinese sportswear retailer Topsports International Holdings has opened books for its up to HK$9.4bn ($1.2bn) Hong Kong listing.

Shanghai-based China Pacific Insurance Co (CPIC) has received the green light from its board to list in the UK using the London-Shanghai Stock Connect, becoming only the second Mainland company to do so.

Two Chinese companies tapped dollar bond investors on Monday. One of the most active issuers this year, Zhenro Properties Group, came out with an aggressively priced $300m transaction, while a district-level government financing vehicle sold its debut offshore deal.

Chinese game developer CMGE Technology Group has filed an IPO prospectus with Hong Kong’s stock exchange for the third time and is confident about listing this year.

Chinese e-commerce platform Pinduoduo has opened books for a convertible bond backed by its American Depository Shares, in what has become an increasingly popular corner of the equity-linked market.

Ronshine China Holdings, a Hong Kong-listed company, has teamed up with a syndicate of banks for a HK$815.5m ($104m) three year loan.

The People’s Bank of China and the Ministry of Finance are both planning returns to the offshore renminbi debt market this week.

In this round-up, the US exempted 400 Chinese goods from import tariffs while China cancelled trips to US farms, two top Chinese regulators jointly addressed funding difficulties facing smaller corporations and custom authorities detained a FedEx pilot on suspicion of carrying ammunition.

A former director of research at CLSA has joined UBS Investment Research as a managing director, according to a note from the Swiss bank.

In this round-up, deputy-level trade negotiators from China and the US have met, the People’s Bank of China left the medium-term lending facility rate unchanged and the Shanghai government issued more measures to attract foreign investment.

A range of Chinese issuers, including two property developers and a local government financing vehicle, have raised funds from the dollar bond market.