Greater China

Hong Kong’s Financial Services Development Council (FSDC) is calling for the city’s government to start issuing green bonds in order to become a regional centre for green financing.

The four month hiatus in Panda bond issuance in China’s interbank bond market has ended with Chong Hing Bank’s Rmb1.5bn ($229m) note.

China Development Bank (CDB) has raised $1.67bn equivalent from a dual-currency, triple-tranche offering, receiving strong support from Chinese banks and offshore investors.

Jefferies has poached one of India’s top bankers from HSBC to be its head of capital markets for India and southeast Asia.

A new securities joint venture is set to be established under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA), with six companies joining hands to form Yuegang Securities.

The former head of structured finance, commercial real estate and corporate advisory at Hang Seng Bank has resurfaced at First Gulf Bank.

The US has finally engaged with the internationalisation of the renminbi after years of stubbornly ignoring the currency’s rise. Market participants have welcomed the Rmb617m ($94.15m) worth of instruments issued by the New York branches of Agricultural Bank of China (ABC) and Industrial and Commercial Bank of China (ICBC), but say the developments are long overdue. Rev Hui reports.

Aircraft leasing firm BOC Aviation has raised HK$8.7bn ($1.1bn) from its IPO after a flood of orders from institutional and Hong Kong retail investors.

China Huarong Asset Management and Midea Group are out with their respective dollar offerings while France’s BPCE is attracting bids for a Singapore dollar-denominated Basel III tier two.

The RMB lost ground against other global currencies in April 2016, dropping from the fifth to the sixth most used payment currency, according to the latest Swift data. Meanwhile, Swift has seen usage of its platform for RMB securities settlement surge as the Chinese bond market opens to foreign investors.

China attempted to position its upcoming offshore renminbi sovereign bond as a sign that markets have full confidence in the country’s economy at a launch for the deal at a ceremony in London today.

BOC Aviation has wrapped up bookbuilding for its HK$8.7bn ($1.1bn) with a wealth of demand from institutional and Hong Kong retail investors.