Greater China

More details have emerged about veteran loans banker Ashish Sharma’s new job at HSBC.

Tianqi Lithium is turning to equity investors after making a debt-fuelled play for its Chilean rival, in an acquisition that pressured its ratings and threatened to rob it of investment grade status.

Singapore Telecommunications and a Hangzhou local government financing vehicle both hit the dollar bond market on Monday, already putting Asia’s debt market ahead of the one dollar issuance last week. But bankers say there is little more to come.

Chailease International Finance Corp is turning to the loans market for an up to $250m borrowing, just a few months after sealing renminbi-denominated and Japanese yen facilities.

Tencent Holdings-backed Qutoutiao has filed draft documents for a Nasdaq IPO, with plans to raise up to $300m.

Hong Kong’s mortgage financing provider Lei Shing Hong Credit has returned to the offshore loan market for a $300m three year borrowing.

Bank of China becomes the RMB clearing bank for a financial centre in Malaysia, a Chinese credit rating agency is in trouble with two regulators after breaching rules in the exchange and interbank bond markets, and the People’s Bank of China reportedly blocks RMB flowing out of free trade zones (FTZs).

Morgan Stanley’s Alex Abagian has been named as a co-head of Asia Pacific equity capital markets, according to people familiar with the matter.

Dagong Global Credit Rating, one of China’s largest credit rating agencies, has been banned from rating bonds in the interbank market for one year because it was providing consulting services to companies as it was rating them, the National Association of Financial Market Institutional Investors (Nafmii) announced today.

Taiwan’s Paiho Shih Holdings has returned to the offshore loan market, seeking a $120m refinancing loan through KGI Bank.

The asset management arm of JP Morgan targets the private fund market in the mainland, China downsizes holdings of US Treasuries in June, and the Singapore Exchange (SGX) sets a new single-day trading record for USDCNH futures contracts.

Regulator allows foreign nationals in China to buy A-shares, Beijing and Washington walk back to the negotiation table, and the Chinese finance ministry guides local governments to borrow and spend on infrastructure in the third quarter.