Greater China

Veteran bonds bankers Paul Au and Patrick Liu have left UBS, with the bank also seeing changes in its credit distribution department in Asia Pacific.

Export-Import Bank of China hit the debt market on Wednesday, bagging €2bn (US$2.1bn) in the largest euro deal from a Chinese borrower to date. While DCM bankers say that there’s little opportunity for arbitrage, Chexim benefited by reaching new investors. Morgan Davis reports.

Selfie touch-up app maker Meitu is on the verge of shaking up the Hong Kong ECM market as it brings the largest technology listing in the city in nearly a decade. Market participants will be watching in anticipation how the $750m IPO performs as it holds the key to the future of the tech sector in the city. Jonathan Breen reports.

China Aluminum International Engineering (Chalieco), ICBC International and Changsha Pilot all walked away with fresh funds on Wednesday, pricing their deals ahead of Thursday’s US Thanksgiving holiday.

Hong Kong is seeking to position itself as a financing hub for infrastructure in the wake of China’s Belt and Road scheme. As a result, the HKMA established the Infrastructure Financing Facilitation Office (IFFO) in July 2016 to connect the organisation with financial institutions, service firms and corporates active in the sector.

In an interview with GlobalRMB, Vincent Lee, executive director, Hong Kong Monetary Authority, laid out HKMA’s plans for the future of Hong Kong as an offshore RMB hub, and for the recently created Infrastructure Financing Facilitation Office (IFFO), which he oversees.

BMW Automotive Finance (China) is looking to squeeze in one last auto loan ABS this year as it prepares to launch its Rmb4bn ($581m) Bavarian Sky China 2016-2 on December 1.

Volkswagen Financial Services completed its fifth, and to date largest, Chinese auto loan asset-backed securitization fetching Rmb4bn ($581m) from its Driver China five transaction on Tuesday.

Shaanxi Xixian New Area Fengxi New City Development and Construction (Group) Co was the lone name out in the Asia dollar debt market on Thursday following a frenzied start to the week.

Hong Kong’s Dah Sing Bank raised $250m from a tier two deal on Tuesday, finding support from investors that were familiar with its credit.

Ping An Real Estate raised $300m in its debut deal, relying on the security of anchor investors before opening its trade on Tuesday morning.

Selfie touch-up app Meitu is just days away from launching what will likely be the largest technology listing in Hong Kong since 2007, having started feeling out demand for a $750m IPO.