Greater China

HSBC is mulling bolt-on acquisitions in wealth management, primarily in Asia, after capital was freed up by a favourable reassessment of credit losses stemming from the coronavirus pandemic.

Chinese state-owned company Genertec Universal Medical Group has returned to the loan market to syndicate a $700m-equivalent deal.

Crédit Agricole has appointed a new head of MTNs and private placements for Asia Pacific, GlobalCapital Asia has learnt.

Crédit Agricole has appointed Edouard O’Neill as chief executive officer of its Hong Kong branch and head of structured finance for Asia.

WuXi Biologics Holdings has raised HK$11.5bn ($1.49bn) after increasing a sale of shares in subsidiary WuXi Biologics (Cayman).

In this round-up, Beijing decides to leave ‘clean coal’ out of the latest list of eligible projects for green bonds, stock exchanges in Shanghai and Shenzhen plan to tighten approval for bond issuance, and the first batch of public infrastructure real estate investment trusts (Reits) are being reviewed at the two bourses.

Red chip issuer China Power International Development raised Rmb2bn ($308m) from a three year bond last week, raising the money largely to pay a mix of offshore and onshore bank loans.

China Huarong Asset Management's dollar bonds dropped again on Monday, after the company pushed its 2020 earnings announcement back further.

SF Real Estate Investment Trust has started pre-marketing its Hong Kong listing, a rare sighting of the asset class in the city.

Chinese health insurance and healthcare crowdfunding platform Waterdrop has kicked off pre-deal investor education for its US listing, according to a source close to the IPO.

Top Glove Corp, the world’s largest manufacturer of rubber gloves, has revised its planned Hong Kong listing down to a size of HK$6.9bn ($889m).

BOC Aviation has sold a $750m bond through its US subsidiary, pricing its third dollar outing of the year at wider levels than some fair value estimates from analysts.