China

Things kicked off with a weaker dollar fix by PBoC, while China’s banking authority got a new chairman last week, and the securities regulator said it will increase foreign ownership limits for China brokerage ventures.

China Orient Asset Management International Holdings, which tapped the offshore loan market in July last year, has returned for a $300m dual-tranche facility.

Shanghai-listed ENN Ecological Holdings has hit the loan market for a $200m two year facility, offering hefty pricing for a relatively short tenor.

In this round-up, Malaysia gets its first renminbi qualified institutional investor (RQFII) licence, RMB payments continue to drop, and China calls for more local governments to issue free trade zone bonds. Plus, a recap of our coverage this week.

HSBC has made some high profile appointments to its commercial banking teams in Hong Kong and Mainland China, according to an announcement on Thursday.

Investors ate up China Jinmao Holdings Group’s new five year notes this week, allowing it to secure tight pricing for a four-times subscribed $500m deal.

Xinhu Zhongbao Co became the latest dollar issuer to benefit from a conducive market backdrop this week, pricing a $700m bond — the largest high yield property transaction in recent times.

The upcoming launch of the second phase of China's cross-border interbank payment system (CIPS) is understood to be delaying the launch of clearing activities in the recently established New York RMB hub, GlobalRMB has learned.

Panda bonds are poised to make a rare appearance on the Shenzhen Stock Exchange, with red chip firm Shenzhen International Holdings announcing on Wednesday that its Rmb5bn ($727m) programme has been approved by the China Securities Regulatory Commission.

Citic snatched $1.25bn from an aggressively priced dual-tranche transaction on Tuesday, its second bond outing since a restructuring that saw it gain investment grade status.

Minsheng Financial Leasing has returned to the debt market for a $200m offshore loan that is led by three mandated lead arrangers and bookrunners.

China Lodging Group has enlisted a single bank to help it arrange a $500m financing for the acquisition of hotels in the Mainland.