Greater China

In this round-up, US president Donald Trump unexpectedly announced an increase in tariffs on China, the People’s Bank of China (PBoC) bumped up the re-lending quota for smaller banks and Mainland regulators said they are not planning to use the property market as a short-term stimulus.

BNP Paribas hires UK advisory head — Créd Ag’s credit unit chief moves to markets role — AIIB hires ICBC loan syndicator.

Daz Zhang is leaving Commerzbank to lead the Greater China debt capital markets team at another bank, according to a source close to the matter.

A recent flurry of leveraged and acquisition financing activity in Asia has caught the attention of loans bankers hungry for new assets. But as trade tensions and fears about a growth slowdown ramp up, the pressure on the market is high, writes Pan Yue.

Italy’s Cassa Depositi e Prestiti printed a long-awaited Rmb1bn ($145m) inaugural Panda bond on Wednesday, with the modest issuance size revealing the roadblocks still facing the nascent debt market, writes Rebecca Feng.

China Aoyuan Group was back in the dollar market on Tuesday, adding another $250m to its 2023 notes.

China Construction Bank (CCB), the largest originator of residential mortgage backed securities in China, is returning to the market with a Rmb9.87bn ($1.43bn) four tranche deal on August 6. All three senior tranches are rated triple-A by S&P Global Ratings.

Dexin China Holdings Co found limited interest for its debut dollar bond, despite paying a generous yield to get the deal done.

China Lesso Group Holdings has mandated nine banks for a $900m loan.

Sino-Ocean Group Holding, a Chinese investment company that focuses on the property market, took advantage of the positive backdrop on Monday to seal a $600m bond.

Shanghai-based SAIC-GMAC, an auto finance company owned by SAIC Motor Corp and General Motors Company, is planning to return to the auto loan ABS market next month with a Rmb10bn ($1.45bn) three-tranche deal.

Malaysia’s Maybank returned to the Taiwanese market on Monday to raise $850m from a Formosa bond.