Greater China

Deutsche Bank has scored a former Credit Suisse banker to jointly lead its execution services in the Asia Pacific region.

HSBC’s co-head of equity capital markets for Asia Pacific, Alexis Adamczyk, is set to leave the bank this week after it decided to coalesce the team under a single leader, according to a source familiar with the matter.

China’s Minsheng Financial Leasing Co has brought loan-backed bonds back to the Asian market, reviving a structure that is rare in the region.

Chinese commercial banks’ rush to sell tier two bonds has begun. These banks look set to sell more subordinated debt this week than they did in the whole first quarter of 2018.

Chinese property company KWG Group Holdings doubled the size of an outstanding 2023 bond on Tuesday, grabbing another $350m from a tap as it used up its remaining offshore bond quota.

In this round-up China’s new Foreign Investment Law is tipped to spark a wave of capital inflows, the US and China attack each other’s human rights records, Bank of China (BOC) expects onshore bond yields to fall but offshore ones to stabilise

Shanghai Dongzheng Automotive Finance Co launched bookbuilding for a potential HK$3.36bn ($428m) IPO last week but it has now put the deal on hold. The company plans to cut the size before restarting next week.

CIMC Financial Leasing, the leasing unit of China International Marine Containers, has debuted in the offshore loan market with a $180m three year facility.

CLSA’s chief executive officer, Jonathan Slone, has resigned after more than three decades at the firm. His departure comes just two weeks after the bank’s chairman quit.

Chinese outdoor leisure products developer Bestway Global Holding has closed its debut offshore borrowing at a reduced size of around $88.9m.

Chinese power generator and local government financing vehicle (LGFV) Yunnan Provincial Energy Investment Group reopened a 2021 bond on Monday. Investors flocked to the deal, showing more enthusiasm than they did for the original syndication four months ago.

China’s Texhong Textile Group has returned to the loan market for HK$1bn ($127m) only six months after it closed a larger facility.