Greater China

Standard Chartered’s former head of debt capital markets for Hong Kong, Peter Szekely, has moved to a new position at Australia and New Zealand Bank.

The Asia ex-Japan bond market sprung to life on November 12 with China Huarong Asset Management, China State Construction Engineering Corp and Beijing Properties opening books for dollar bonds, while Korea Housing Finance Corp (KHFC) opted for a covered bond and Malaysia’s Axiata Group, a sukuk.

China Energy Engineering Corp is scheduled to hold its listing hearing with the Hong Kong Stock Exchange on November 12 for a $1.5bn-$2bn IPO, and start pre-marketing the following week.

The Chinese auto ABS market is poised for a busy end of the year with BMW gearing up for its second transaction of 2015, returning with the Bavarian Sky China series.

The Standard Chartered Renminbi Globalisation Index (RGI) rose 3.26% month on month in September due to the jump in FX turnover for a second consecutive month. However, the bank expects the RGI to fall in Q4 as RMB depreciation expectations are likely to persist in the market.

Minsheng Financial Leasing’s offshore loan has generated enough demand to allow for an increase from the launch size of $200m, despite the borrower slashing the margin by 45bp after launching into general syndication.

The new qualified domestic institutional investor (QDII2) scheme may be the missing link that allows global money managers to really tap into China's potential for outward investment. A necessary condition to that strategy, however, is a corporate structure that until recently was barred to asset managers — the wholly foreign-owned enterprise (WFOE).

Beijing Properties and Miclyn Express Offshore (MEO) are making their inaugural foray into the offshore bond market with dollar-denominated offerings.

Standard Chartered’s former head of debt capital markets for Hong Kong, Peter Szekely, has moved to a new position at Australia and New Zealand Bank.

Clifford Chance has made a senior appointment to its high yield business in Asia with Alexander Lloyd set to rejoin the law firm in January 2016.

China Everbright International is mulling a listing of its green technology arm on the Hong Kong Stock Exchange, as the HK$55.5bn ($7.16bn) company looks to monetise the unit.

After waiting more than six months, Luxembourg has obtained its first licence under the renminbi qualified foreign institutional investor (RQFII) scheme. Industrial and Commercial Bank of China (Europe) received an approval on November 2 and is aiming to get a quota within the month.