Greater China

Shanghai-listed Jangho Group is planning to float its architecture and interior design subsidiary Steve Leung Designers in Hong Kong, winning approval from its board this week.

China Minsheng Banking Corp is set to debut in the dollar bank capital market, launching its deal on Wednesday morning in a week otherwise filled with trades from local government financing vehicles (LGFVs).

Citi has appointed James Arnold as its new head of Asia Pacific DCM syndicate, replacing Duncan Phillips who left the bank in October.

Chinese local government financing vehicle Zhenjiang Transportation Industry Group sold its debut international bond on Monday, raising $140m from the only live deal in the market.

The first day of trading on the long hailed Shenzhen-Hong Kong Stock Connect ended in a whimper, with just a fifth of the daily net trading quota used up. But Charles Li, chief executive of the Hong Kong Exchange (HKEX) was clear the bridge will serve its purpose in the long run.

Offshore renminbi debt has struggled to gain traction this year, while the Panda bond market has shown encouraging development despite the absence of clear-cut rules. But if the Chinese regulators want to keep the RMB’s appeal as a long-term funding currency, they need to urgently make Panda issuance more user friendly.

CSC Financial Co has priced Asia's last jumbo IPO of 2016, selling shares in its Hong Kong listing in the middle of expectations to raise HK$7.7bn ($992.5m).

The Shanghai Municipal authority is set to issue its first free trade zone (FTZ) bond on December 8. Three international banks have joined the large syndicate that will bring the deal to market.

China's Baozun opened books on Monday morning for its first follow-on offering since its Nasdaq IPO in May last year, and is looking to raise around $85m.

Chinese local government financing vehicle (LGFV) Yunnan Provincial Energy Investment Group is making its return to the international bond market, marketing a dollar-denominated dual tranche offering on Tuesday.

Panda bonds are attracting plenty of interest but accounting issues and China’s scrutiny of global auditors are proving to be the biggest impediments to the asset class, according to panelists speaking at the IFLR Asia 2016 Capital Markets Forum.

Bank of America Merrill Lynch’s head of investment banking in Hong Kong has left after two decades at the firm to join UBS, according to a source close to the matter.