Greater China

Changsha Broad Homes Industrial Group has launched the deal roadshow for its Hong Kong listing. It is looking to raise up to HK$1.52bn ($194m).

UBS Securities, the Swiss bank’s China onshore joint venture securities firm, has named Eugene Qian as chairman, succeeding Di He who is stepping down after two decades at the bank, according to an internal memo seen by GlobalCapital Asia's sister publication GlobalRMB.

CNI Capital, a wholly-owned subsidiary of state-owned China National Nuclear Corp, sold a Rmb1bn ($141m) three year dim sum bond on Thursday. The pricing of the unrated offshore renminbi deal was tighter than expected, said bankers.

Lenders have until Friday to respond to an amendment and extension of Tsinghua Unigroup’s two old borrowings from 2017. The banks were given just two weeks to respond.

Shanghai Pudong Development Bank Co priced a $300m floating rate note (FRN) at just a marginal premium over the curve of the big four Chinese lenders.

Bankers and journalists often complain about how much things have changed in Hong Kong, with long lunches and even longer nights making way for rigid meetings, PowerPoint presentations and low-fat lattes. Taipan was reminded of the old ways this week ─ and his head is still throbbing.

Huawei Technologies Co, a centrepiece in the ongoing US-China trade war, bagged Rmb3bn ($425m) from its first-ever onshore bond on Wednesday. Although the issuance opens up a new and cheap funding channel for the company, it will have to return to the dollar bond market to refinance its outstanding bond soon, bankers said.

Warehouse construction firm and lessor ESR Cayman relaunched a bigger Hong Kong IPO this week, four months after pulling its first listing attempt because of volatility. But a revamped syndicate team and positive momentum in the local IPO market have given the new deal some impetus, writes Jonathan Breen.

CLP Power Hong Kong came to the dollar debt market after a four-year hiatus, pricing a $500m subordinated perpetual deal that was sought after in the primary and secondary markets ahead of an old bond’s first call date.

Chinese state-owned commodity chemicals producer Shanghai Huayi (Group) Co has sold an almost 10 times covered five year bond, while Yuzhou Properties Co raised $500m to fund a tender offer. Two local government financing vehicles also made their offshore debuts.

China’s FangDD Network Group has kicked off a roadshow for the listing of American Depository Shares (ADS) on the Nasdaq.

A senior loan syndications banker in HSBC’s Hong Kong team has left the bank.