Greater China

We so-called 'gweilos' in Hong Kong — a common Cantonese slang word for Westerners — sometimes find ourselves in a love-hate relationship with the food on offer here.

United Asia Finance, a personal loan provider in Hong Kong, is making a quick return for a HK$1.6bn ($203m) term loan, just two months after sealing its last borrowing.

Karen Pang, an equity-linked banker based in Hong Kong, has left BNP Paribas for a new role in Deutsche Bank, according to two sources with knowledge of the move.

Chinese technology equipment company Hauwai dropped a planned dollar tranche on its latest visit to the corporate bond marker and chose to issue its first bond in euros. This did, however, mean the company opted for a five year maturity, rather than the 10 year tenor it had marketed for the dollar bond.

State Grid Corporation of China priced a $2.8bn-equivalent four-tranche deal on Tuesday, managing to navigate the impact of the benchmark 10 year US Treasury yields finally breaching 3% after days of sell-off.

Société Générale has appointed new sales heads for Asia Pacific and Europe within its global markets division, according to a press release on Wednesday.

Logistics company GLP is returning to the Panda bond market for the fifth time this year, hoping to raise up to Rmb4bn ($634.3m) on the Shenzhen Stock Exchange. Its outing comes at a slightly difficult period in China’s onshore bond market.

Beijing Enterprises Water Group (BEWG) raised $500m on Tuesday to retire a bond maturing in May, finding support from investors despite the numerous unrated state-owned options available to them.

Central China Real Estate was back in the offshore debt market on Tuesday with a Singapore dollar deal, just a week after sealing a US dollar bond.

The Hong Kong Stock Exchange (HKEX) will start taking IPO applications from Monday under its new regime to encourage technology listings.

Investors gave Car’s first Panda bond in a year the cold shoulder on Monday, forcing the company to shrink its deal. The red-chip borrower suffered as onshore investors retreated following initial excitement over the central bank’s announcement to boost liquidity and braced for the tax collection season.

BAIC Motor Corp sold new shares on Tuesday night to raise HK$3.3bn ($422.2m), boosting the deal size on the back of demand from outright accounts.