Greater China

Bank of China sold its debut transition bond on Thursday, giving the still nascent market a big boost by opting for a dual currency dollar and renminbi deal.

Chinese originator Home Credit Consumer Finance Co sold a Rmb1bn ($155m) consumer loan ABS this week, opting for a different type of underlying assets compared to its past deals.

China Huarong Financial Leasing Co wooed investors with a $300m short-dated bond on Thursday to meet some of its general funding requirements, returning to the debt market less than six months after its last outing.

Gracell Biotechnologies has raised $209m from its Nasdaq IPO after increasing the size of the float and pricing the deal above the initial marketed range.

Hong Kong-listed Hansoh Pharmaceutical Group and China Hongqiao Group have added to the burst of convertible bond activity in the first week of 2021, raising a combined $900m from the equity-linked market on Thursday.

SAIC-GMAC Automotive Finance Co has sold the first auto loan ABS transaction of the year in China, printing a Rmb10bn ($1.55bn) deal this week.

Monita Chang, a senior director in Mizuho’s debt structuring and syndication team in Hong Kong, is leaving the bank, according to a source close to the situation.

The New York Stock Exchange’s flip-flop on whether to delist three Chinese telecommunications giants caused plenty of confusion in the market this week, but mainland companies are still keen to sell shares in the US. Jonathan Breen reports.

Crédit Agricole has named Victoria Land as its new head of sustainable banking for Asia Pacific.

Asia’s dollar bond market reopened this week with record issuance. Issuers are usually keen to get in ahead of the Chinese New Year holiday, but the start to 2021 has seen a rush of new primary deals like never before. Bankers said the supply will continue, although they expect it to slow down in the next few weeks. Morgan Davis reports.

The stock exchanges in Shanghai and Shenzhen have introduced new regulations to forcibly delist companies, fast-tracking the process and giving more clarity about the various scenarios that can push firms to exit the bourses. There are loopholes, however, and the true impact of the regime on China’s equities market will probably be limited, writes Addison Gong.

StanChart bolsters sustainable finance team — CreditAg names Apac sustainability head — BOC HK appoints CEO — HKEX picks interim chief — Hang Seng has new chairman