Greater China

Morgan Stanley chose one of its own to take over the role of head of fixed income for Asia ex-Japan, a spokesperson at the bank confirmed.

PBoC signals further opening up of China’s bond market and promises further bond market reform, and the China Securities Regulatory Commission (CSRC) exposes the first cross-border Stock Connect manipulation case.

Insurance firm AIA Group’s chief executive Mark Tucker is to succeed Douglas Flint as chairman of HSBC.

Lenovo Group priced a five year fixed bond and a subordinated perpetual non call five in a soft market on Thursday and on the back of disappointing third quarter results. But investors shrugged off any concerns and poured into the transaction.

Chinese high yield names Kangde Xin Composite Material Group and KWG Property priced new dollar deals against a weakening market backdrop on Thursday, forcing the pair to adjust their expectations in order to get ahead of an interest rate hike.

In this round-up, the State Administration of Foreign Exchange (Safe) says it expects China’s foreign reserves to grow gradually despite global volatilities, PBoC’s dollar fix remains pretty much unchanged from the previous day and the Shanghai Free Trade Zone will open up the financial sector to more foreign investment.

HSBC has appointed a new head of leveraged and acquisition finance for Asia Pacific, transferring James Horsburgh from London as part of a shake-up of the business.

I am a man of simple pleasures these days, happy to sit in my local with a pint of ale watching football — or if I’m catching up with some chums, a glass of whisky.

Export-Import Bank of China managed to achieve the lowest spread for a euro bond from a Chinese name this year with its three year in the currency, part of a $3bn-equivalent Reg S deal.

JP Morgan taps Tan for SEA DCM — RHB loses SG equities banker — SMBC loans banker leaves

The renminbi continues to come under pressure, in part as a result of the dollar's continued upward trajectory. But while the Chinese currency is treated with suspicion and even enmity by some stateside, economist say their arguments miss the bigger picture.

Chinese high yield names KWG Property Holding and Kangde Xin Composite Material Group Co, as well as unrated Lenovo Group, launched dollar deals on Thursday morning — just one day after Indian high yield issuer Eros International pulled its bond because of weak demand.