Greater China

China Everbright Bank’s Hong Kong branch sold its first euro-denominated bond on Wednesday, part of a dual-currency floating rate transaction.

UBS has appointed Kevin Cui and Terry Schmassmann as co-heads of Asia DCM syndicate, effective immediately, according to an internal memo seen by GlobalCapital Asia.

Industrial and Commercial Bank of China’s London branch issued a $1.5bn-equivalent green bond on Tuesday, becoming the third big Chinese bank to hit the offshore debt market with floating rate notes in less than a week.

Two Chinese online platform businesses will start pre-deal investor education for their Hong Kong IPOs on Thursday, according to bankers.

FTSE Russell is set to begin consultation on including China government bonds (CGB) in the World Government Bond Index (WGBI) this year, GlobalRMB understands.

China has had a busy fortnight in capital reform, with its long-awaited entry into MSCI, and progress in plans for Chinese firms to list in London and Frankfurt. Yet it is becoming clear that regulators should focus on Hong Kong links, rather than opening up new markets.

Guangzhou R&F Properties Co raised $200m from a tap of its existing bonds on Tuesday, opting to reopen an old deal amid a challenging market environment.

Ronshine China Holdings was back in the equity market on Tuesday for a top-up placement, pocketing HK$1.1bn ($140.1m) overnight.

Renhe Commercial Holdings is planning a HK$2.2bn ($274.3m) rights offering that will be underwritten by its controlling shareholder.

Marc Lewell is returning to London after three years running JP Morgan’s Asia-Pacific syndicate, prompting the appointment of a new head of the desk.

Genscript Biotech Corp, a leading life sciences service provider and drug developer, has raised HK$2.39bn ($304m) after upsizing a follow-on offering, according to a source close to the deal.

China-based VCredit Holdings, which provides online consumer finance, launched bookbuilding for its IPO on Tuesday, with proceeds of up to HK$1.58bn ($201m) in reach.