Greater China

The Hong Kong Exchange (HKEX) is in talks with Climate Bonds Initiative (CBI) to launch a Green Bond Connect, an initiative to help Bond Connect investors identify Chinese bonds that meet the international standards of green investments, Sean Kidney, CEO at CBI, told GlobalRMB in Beijing.

A subsidiary of Taiwan-based Dah Chang Securities on Tuesday became a derivatives trading member with Singapore Exchange (SGX), joining fellow new arrivals I-Access, Shinhan Investment and Cathay Futures.

China’s A-share market has one of the largest pools of domestic investors in the world. So it’s no surprise Hong Kong’s exchange is desperate to link its primary IPO market with the mainland. While there could be plenty of benefits, the city’s regulator should think long and hard before opening itself up to a potentially uncontrollable flood of money.

Taiwan’s TPK Holding Co has opened books for a placement of Global Depository Shares with a view to raise around NT$7.27bn ($242.01m).

United Overseas Bank (China) has signed a memorandum of understanding with China Chongqing International Economic and Technical Cooperation Group Corp (CICET) to support the latter's business expansion into ASEAN.

The development of green finance will be a key pillar to the success of the China-led Belt and Road Initiative, according to Yin Yong, deputy governor of the People’s Bank of China, speaking at a forum in Beijing this week.

Chinese automobile parts manufacturer Ruifeng Power Group Co filed an IPO application with the Hong Kong Stock Exchange on Monday.

Citi has named Sebastien Mailleux as head of prime finance for Asia Pacific, replacing Angus Yang, who has left the firm.

China Minsheng Banking Corp has jumped into the debt market, opening a dual-tranche floating rate offering for dollar investors through its Hong Kong branch on Tuesday.

China and the UK will continue to promote the development of green finance through bilateral collaborations, despite the decision by US president Donald Trump to withdraw from the Paris Agreement, said Chen Yulu, deputy governor of the People’s Bank of China.

Bank of Qingdao has become the latest Chinese lender to move a step closer to selling offshore preference shares, receiving the blessing from the China Securities Regulatory Commission (CSRC).

The lack of rules and standards is holding back the development of green asset backed securitization (ABS), a UK-China joint task force on green finance has said.