Greater China

Cosmetics packaging company HCP Global has approached lenders for a $540m borrowing that will replace a $430m loan sealed last year, according to bankers.

Credit Suisse’s Hong Kong office saw two senior departures in investment banking and equities, following news last week that six were leaving the equities team.

A clutch of China’s technology stars had been expected to dazzle the market with their IPOs this year, but the evolving regulatory environment means many are ambivalent about whether to list onshore or off. Market watchers say fintech players could be pushed to the US, even as other tech firms consider an A-share IPO. John Loh reports.

Sino-Ocean Group Holdings has issued its first Panda bond, raising Rmb4bn ($580m) from a dual trancher. The debut followed German carmaker Daimler and Russian aluminium giant Rusal in a series of prominent issuances in March.

Emperor International Holdings, Xinjiang Guanghui Industry Investment (Group) Co, Japfa Comfeed Indonesia and Zhuhai Huafa Group Co ventured into the debt market on Thursday, following some recovery in credits in the US overnight.

The People’s Bank of China and the European Investment Bank (EIB) have launched an initiative to develop a framework to support green finance and will publish their findings in a white paper later this year.

Chinese regulators should simplify market access to attract capital inflows, Asia Securities Industry & Financial Markets Association (Asifma) has said. In a report published on Wednesday, the industry body argued that the current arrangement is too complex, unfair to long-term foreign investors and discourages prospective investors.

Huarong Investment Stock Corp is in the market for a HK$3bn ($386m) dual currency syndicated term loan with Credit Suisse at the helm.

Raymond Li has joined Bank of Tokyo-Mitsubishi UFJ as its new head of financial institutions for east Asia, jumping ship from BNP Paribas.

Hong Kong-listed Fosun International is set to return to the syndicated loan market to refinance a $800m deal raised two years ago, according to a banker.

Chinese company Anta Sports Products raised HK$3.79bn ($487.9m) from a top-up share placement on Tuesday, but saw its shares plummet in the aftermarket on the back of poor performance in US markets overnight.

China Zheshang Bank Co is out with its maiden international additional tier one, while Xinjiang Guanghui Industry Investment (Group) Co, the largest shareholder in China Grand Auto, is prepping for its offshore debut.