Greater China

Options traders are increasingly pricing renminbi in line with G7 foreign exchange, a trend that could boost the intensity of swings in market positioning, strategists have warned.

Morrison & Foerster has appointed Vivian Yiu as a new corporate partner in Hong Kong, the law firm announced in a press release on Tuesday.

Fortune Oil PRC Holdings is in the market for a $240m three year loan that will refinance debt signed in October 2013.

Bank of Communications Financial Leasing’s $1bn dual-tranche offering was a big success on Tuesday, as cash-rich Chinese investors were drawn to the credit amid a dearth of dollar offerings from the country.

AMTD Group is out with its first international bond, taking bids on Wednesday for a three year dollar transaction that was covered at launch.

The Mutual Recognition of Funds (MRF) scheme has been slow in gaining traction among offshore investors since its launch in December. But the recent suspensions of outbound investment schemes has seen a pick-up in interest by Chinese investors.

Carnival Group International Holdings executed its first dollar bond on Tuesday, raising $180m with a three year transaction that was supported by anchor orders.

Intercontinental Exchange has begun clearing the iTraxx Australia and Asia ex-Japan Investment Grade credit default swap indices, as well as six individual sovereign credits in the region.

Banks must make commitments to the $20bn tranche of ChemChina's Syngenta acquisition loan by March 22, according to a banker on the deal.

China’s reported intention to introduce a Tobin tax on foreign exchange transactions has provoked a somewhat typical rush of condemnation. However, some analysts are already pointing out that pros and cons might indeed balance each other out.

Mercedes-Benz Auto Finance is set to bring a landmark transaction to China next week with its inaugural Auto ABS, Silver Arrow China 2016-1. The Rmb2.5bn ($385m) is not only notable for being Mercedes’ first ABS outing in China, but is also the first in the country to spot a yield supplement over-collateralization (YSOC) feature.

Yingda International Leasing has made a successful debut in the dollar syndicated loan market, with more than $400m worth of commitments pouring in for its $200m facility.