Greater China

Beijing Hyundai Auto Finance is set to launch its second Chinese auto loan ABS of the year on Friday, and is eyeing Rmb3bn ($452m) from Autopia China 2016-2 Retail Auto Mortgage Loan Securitization Trust.

Hong Kong’s Securities and Futures Commission has slapped Quam Capital with a HK$800,000 ($103,135) fine for failing to discharge its duties as a sponsor on Gayety Holdings’ IPO in July 2011.

CSI Properties completed a swift transaction on Monday in a market that is starting to slow down due to the summer break. Despite being unrated and with few direct comparables, the firm managed to slip in its first dollar bond in more than three years.

Kunming Dianchi Water Treatment Co is looking to float on the Hong Kong Stock Exchange, having filed a draft prospectus with the bourse on Monday.

In a rarely seen occurrence in Asia, a Chinese company-led consortium is set to use staple financing to support its acquisition of shares in Australian company GenesisCare, according to sources.

China Mengniu Dairy has returned to the loan market for a $200m fundraising, two years after its offshore debut.

The budding Chinese non-performing loans securitization market recorded its fourth transaction in little more than two months with Agricultural Bank of China (ABC) completing a Rmb3.06bn ($462m) offering — the largest on record since the asset class restarted this year.

Mizuho Financial Group has appointed Jaj Singh as executive director and head of financials research for Asia ex-Japan, poaching him from Nomura.

Joseph Chee will head UBS’s Asia investment banking unit after co-head Saurabh Beniwal leaves at the end of the year, according to sources close to the move.

Two Hong Kong issuers hit the dollar debt market on Monday, with CSI Properties launching a new five year bond, while Hong Kong Airlines re-opened its existing notes, driven by reverse enquiry.

The list of companies issuing Panda bonds in China’s exchange market continues to grow with a pair of red chip names, Agile Property Holdings and China Everbright, raising a combined Rmb7bn ($1.05bn).

Haitong Securities is gearing up to pitch an international fundraising plan to its shareholders, as it seeks funds for its operations, improve its debt structure and supplement working capital.