Greater China

Chinese wind farm operator Huaneng Renewables Corp is seeking approval from shareholders to raise new debt in the onshore or offshore bond market, as well as sell H-share convertible bonds.

JP Morgan has found itself in the spotlight for becoming the first global bank to have its IPO application returned by the Hong Kong Stock Exchange since the regulator tightened the screws on listings two years ago.

Hong Kong financial investment firm Sun Hung Kai is in the market soliciting interest for an exchange offer that will see holders of its 2017 bonds switch to new notes maturing in 2021.

Standard Chartered's regional head of loan syndications for Greater China and northeast Asia has resigned to move to a rival, according to a source.

UBS has appointed Damien Brosnan and Peihao Huang to the newly created positions of co-heads of ECM Solutions, Asia, effective immediately, according to an internal memo seen by GlobalCapital Asia.

ICBC Financial Leasing is on the road to meet investors ahead of plans to sell its first dollar bond of the year.

In this round-up, Hong Kong RMB deposits shrank further in March, southbound usage of the Shanghai-Hong Kong Stock Connect picked up, China's foreign exchange regulator granted four new RMB qualified foreign institutional investor (RQFII) quotas in April, and Singapore Exchange launched trading of derivatives under the new MSCI China Free Index. Plus, a recap of GlobalRMB's top stories this week.

China International Capital Corp (Hong Kong) is gearing up for its first international bond with plans to meet investors next week.

China’s push for an onshore CNH bond market is quickly taking shape with Shanghai International Port Group (SIPG) mandating Bank of China (BoC) to arrange a sale. But the scheme’s biggest challenge is likely to be overcoming the market’s widespread scepticism. Carrie Hong and Rev Hui report.

Hong Kong-listed conglomerate Dah Chong Hong is readying a loan to back its acquisition of Li & Fung’s Asia consumer and healthcare distribution business.

Rating agency Fitch went against the norm last week when it publicly questioned the investment grade status given to Chinese online retailer JD.com by its peers. While commenting on rival deals tends to be a rarity in Asia, such an approach can only be good for the long-term development of capital markets.

Kelvin Leung has left Credit Suisse’s non-Japan Asia equity syndicate desk to pursue other interests, according to a source close to the move.