Greater China

Easing Brexit concerns have supported better paying in CNY swaps. Looking forward, the NDIRS curve is expected to steepen on improving liquidity conditions and dim sum related swap flow, writes Deirdre Yeung of Total Derivatives.

The head of equity syndicate at Citic CLSA Securities has resigned, according to people close to the move.

Hong Kong’s Securities and Futures Commission is to have earlier and more direct inputs on listing policy matters and regulations in the city, according to a new consultation.

Chinese auto rental company eHi Car Services, which sent out invitations for its debut $150m syndicated loan in early May, has attracted a few commitments.

China’s DFZQ, also known as Orient Securities Co, has opened books on an up to HK$8.95bn ($1.16bn) IPO in Hong Kong with a whopping 17 bookrunners crammed into the syndicate.

Bank of America Merrill Lynch has rejigged its debt capital markets team in Asia Pacific, creating a new debt solutions unit.

Clearstream has confirmed that it is working with the Chinese authorities to establish a link between offshore investors and the China interbank bond market (CIBM). The firm also said it will boost its Stock Connect capabilities from July 4.

CP Pokphand, the investment arm of Thai firm Charoen Pokphand Group, has sealed a $600m borrowing to repay a loan raised in 2012.

The State Administration of Foreign Exchange (Safe) has expanded a pilot renminbi conversion scheme that was previously confined to its four free trade zones. Market participants say this development could prompt more direct offshore bond issuance by Chinese companies and is part of the authorities’ latest efforts to negate capital outflows.

China Development Bank Financial Leasing Co has finalised the marketing price range for its listing, which would raise HK$7.6bn ($979.5m) at the top end, and has signed up cornerstone investors to take up nearly 80% of the float, according to a source close to the deal.

Longer CNY NDIRS have been bid on the easing Brexit risk and the curve is steeper. SAFE has relaxed rules on the repatriation of offshore issue proceeds. 361 Degrees is planning a dim sum buyback, writes Deirdre Yeung of Total Derivatives.

Shanghai Dazhong Public Utilities Co is looking to join the steady stream of Chinese issuers listing in Hong Kong in 2016, according to a source familiar with the matter.