Greater China

Deutsche Bank has hired a senior banker from UBS for the newly created role of Asia Pacific head of financial sponsors coverage.

China Industrial Securities International Financial Group has successfully priced a HK$1.3bn ($171.4m) IPO on Hong Kong’s Growth Enterprise Market, the largest on the board in nearly a decade.

China Resources Pharmaceutical Group’s HK$15.7bn ($2.0bn) Hong Kong IPO got off to a flying start this week, with books covered and support from high profile cornerstone investors giving it momentum.

Dongfeng Nissan Auto Finance is in the market with its second auto ABS of the year, opening books for a Rmb4bn ($595m) VINZ 2016-2 Retail Auto Loan Securitization on Thursday.

TUS Holdings and a government financing vehicle from Zhuzhou sealed their respective bond offerings on Wednesday, with the former raking in $500m and the latter $300m.

China’s push to elevate the global status of the renminbi seems to be working well with the currency’s usage rate among global corporates going from strength to strength, according to the results of HSBC’s 2016 RMB Internationalisation Survey.

A diverse group of issuers forged ahead with their respective fundraisings on Thursday, seeking everything from dollars to Singapore dollars and green debt.

Already a pioneering issuer in the currency, the International Finance Corporation (IFC) believes greater regulatory clarity will provide a fresh boost to its onshore and offshore renminbi funding plans, Monish Mahurkar, director for treasury market operations, told GlobalRMB.

September has been my favourite month this year, as I managed to enjoy some peace and quiet at Captain’s Bar, thanks to all the young’uns working like mad to push out deals. And when I say young, I mean some are really, unbelievably, young — at least judging by their looks.

Haitong International Securities Group has printed its first convertible bond in two years. It is the first zero coupon CB from an international arm of a Chinese securities house, said bankers close to the deal.

A number of banks are processing approvals for a club loan being arranged by Hong Kong-based personal loan provider PrimeCredit.

There has been plenty of market attention this week on the movement of the onshore renminbi with China resuming normal service following the end of the Golden Week holidays. While the CNY did break through the psychological Rmb6.7 barrier against the US dollar, more volatility is expected thanks to a strengthening greenback.