China

Chinese conglomerate HNA officially filed notification of its acquisition of Swiss airline caterer Gategroup this week in a move which market participants hope could provide much needed issuance for a subdued levfin market.

The offshore renminbi bond market has struggled this year thanks to a weakening currency and cheaper funding costs onshore. But a successful deal has raised hopes that issuance may pick up and that dim sum could yet become the go-to market for some borrowers. Narae Kim and Addison Gong report.

BOC Aviation has ended an eight month break from the loan market, sending out a request for proposals for a $1.5bn revolver.

Citi has made a couple of senior appointments to its business in Asia Pacific including naming Servaas Chorus as its new head of global capital management for the region.

The upcoming launch of the Shenzhen-Hong Kong Stock Connect will give offshore investors access to close to 90% of China’s domestic stock market. Now the focus for the mutual market access (MMA) scheme will turn to new products including ETFs and bonds.

South Korea’s bourse has given Doosan Bobcat the go ahead for its IPO, as Ping An Insurance Group’s shareholders also waved through its plan to list Ping An Securities Co in Hong Kong.

Anna Lui has been appointed head of debt capital markets for Hong Kong at ING.

The unveiling of Shenzhen-Hong Kong Stock Connect this week was accompanied by a series of changes to what is already in place in terms of the overall linkage framework. Here is our lowdown on what you need to know about the initiative.

Aluminum Corporation of China (Chalco) is out with a new five year on Thursday, having registered plans to sell a foreign currency bond with the National Development and Reform Commission last month.

The approval of the Shenzhen-Hong Kong Stock Connect came with a number of changes to the overall structure of the cross-border investment scheme. Markets are now debating the appeal and challenges of the new set-up.

The Shenzhen-Hong Kong Stock Connect could herald a new dawn in opening up China’s capital account, but its impact on primary markets may only be limited, equity capital market bankers said this week.

Five Chinese companies have registered their respective plans to sell offshore foreign currency bonds with the National Development and Reform Commission, according to a note on the regulator’s website.