Greater China

Geely Automobile Holdings is laying the groundwork for a dollar-denominated green bond that is expected to launch in the middle of the year.

Guosen Securities (Overseas) Company Limited issued a clarification announcement on March 31 to the Hong Kong Stock Exchange saying that Bank of New York Mellon, the trustee of its outstanding dim sum bonds, has issued a notice to bondholders stating that no event of default of its bonds has occurred.

Bank of China received board approval this week to issue tier two notes of up to Rmb60bn ($9.2bn), according to a filing on the Hong Kong Stock Exchange.

Citi has boosted its research capabilities in Asia, hiring Liu Li-Gang as chief economist for China.

ChemChina will choose the banks to participate in the $20bn tranche of its Syngenta acquisition loan imminently, according to a banker close to the deal.

Guosen Securities (Overseas) Company Limited has told the trustee for its bondholders that part of the keepwell deed attached to its CNH bonds that mature in 2017 is no longer in full force and effect. According to a notice that trustee Bank of New York Mellon sent out to bondholders on March 23 2016 and which has been obtained by GlobalRMB, this constitutes an event of default.

Index provider FTSE Russell announced on Wednesday a new index which combines for the first time the China A-shares and Hong Kong-listed H-shares of the 50 largest Chinese companies.

Hong Kong Broadband Network has signed a HK$700m ($90m) loan to fund the acquisition of telecommunication businesses Concord Ideas and Simple Click Investments, with the first drawdown scheduled to take place on Thursday.

Christopher Fok, a member of the equity syndicate team at UBS in Hong Kong, left the Swiss bank last week.

Xinjiang Goldwind Science & Technology has obtained board approval to issue up to Rmb5bn ($770m) of debt instruments, according to a filing with the Hong Kong Stock Exchange.

There has been a double-digit growth of RMB adoption among financial institutions across all regions, according to the latest data from the Society for Worldwide Interbank Financial Telecommunication (Swift).

Chinese hospital owner Zhongmei Healthcare Group has picked the Hong Kong Stock Exchange for an upcoming IPO, joining a handful of other names from the sector that are also vying for a listing.