Greater China

The Bank for International Settlements’ triannual survey found that the renminbi has risen above other emerging market currencies in trading patterns across spot and derivatives, BIS said in a detailed report on the state of global foreign exchange (FX) markets.

China First Capital Group is looking to raise up to HK$1bn ($128.9m) from a placement of fresh equity, equal to more than 10% of its outstanding stock.

Bank of China has named Ren Deqi and Gao Yingxin as executive directors after the China Banking Regulatory Commission approved their qualifications.

Shandong Ruyi Technology Group and LR Capital Group are marketing their respective dollar transactions, ahead of a two-day Federal Open Market Committee meeting starting Wednesday.

Emmanuel Lefort has been promoted to head of global markets for Asia Pacific at Natixis, replacing Serge Ekué who is relocating to the UK.

Bank of Communications Financial Leasing opened the week with a rare structured finance transaction on Monday, attracting bids for a $300m dual-tranche offering backed by loans that are secured by aircraft assets.

Chinese selfie app maker Meitu wrapped up its IPO at the bottom of guidance last week, raising HK$4.9bn ($631.5m) in fresh funds.

Yingda International Leasing has wrapped up a $250m two year loan with 14 banks joining the syndicate.

Central China Real Estate has hit the market for a $150m syndicated loan that will go towards refinancing outstanding — and more expensive — bonds.

Four local government financing vehicles (LGFVs) ventured into the debt market last Friday, raising a combined $615m. The high yield issuers flocked out to take advantage of regulatory approvals that will expire at the end of the year.

Allen & Overy has hired Wayne Lee as a partner in the Shanghai office, giving a fillip to its M&A and private equity capabilities.

Hong Kong’s market watchdogs are stepping up enforcement against the misuse of rights issues and open offers that substantially dilute the interests of minority shareholders.