Greater China

Metallurgical Corporation of China and BOC Aviation found strong investor support for their bonds on Monday, with the former bagging Asia’s first senior perpetual bond in more than a month and the latter walking away with an over six times covered transaction.

Credit Suisse has added a senior banker from Morgan Stanley to the ranks of its Greater China technology, media and telecom investment banking team.

Dominique Blanchard has returned to Crédit Agricole as regional head of the global markets division, Asia Pacific, the bank announced on Tuesday.

Two Chinese companies have filed draft IPO documents in Hong Kong a day before the bourse rolls out its plans to encourage listings from the new economy sector.

Heung Li, a former UBS equity capital markets banker, is expected to take up a new position in CLSA, according to sources with knowledge of the move.

Fortune Auto Finance sold two floating tranches in China’s securitization market on April 20. It captured the onshore market’s optimism on the back of the People’s Bank of China’s announcement last week to release extra liquidity through a reserve requirement ratio (RRR) cut.

Companies trading on China’s over-the-counter market can now list in Hong Kong.

BOC Aviation, Metallurgical Corporation of China (MCC) and Bumi Serpong Damai were the first out of the gates on Monday morning with their new bond deals, as the Asian debt market prepares for an onslaught of supply.

China’s stock market regulator has named Legend Holdings, parent of technology company Lenovo Group, as the first to take part in its H-share convertibility pilot programme.

Yuexiu Real Estate Investment Trust, the only Chinese Reit to have issued bonds offshore, returned last Friday for a $400m three year deal, pricing it slightly inside its parent company’s curve.

Ping An Healthcare and Technology has kicked off a highly-anticipated HK$8.8bn ($1.1bn) IPO, set to be one of Hong Kong’s biggest from the new economy sector this year.

The Chinese securities watchdog names the first company to take part in the H-share convertibility experiment, Z-Ben Advisors says UBS is the best international asset manager in the onshore market, and the US and China may meet to resolve trade dispute.