Greater China

ICBCIL Finance, a wholly-owned subsidiary of Industrial and Commercial Bank of China, has set its sights on a triple-tranche dollar offering split between three and five year fixed rate notes as well as a three year floating rate tranche.

HSBC announced it was launching a joint venture with Shenzhen Qianhai Financial Holdings, to give it an onshore securities license and build an onshore renminbi debt capital markets business.

Hong Kong IPO issuance has seen healthy volumes so far this year. At $68.3bn, according to Dealogic, new listings on HKEx have already reached the level achieved for the entire year in 2014. The outcome of deals, however, remains heavily dependent on cornerstone investors, while oversized syndicates have sadly been back in full force since at least late spring, writes Philippe Espinasse.

China International Capital Corp, which brought in 11 joint global co-ordinators for its Hong Kong IPO, has priced the deal at the top of the range to raise HK$6.29bn ($812m).

China State Construction Engineering Corp has picked seven banks to arrange a roadshow ahead of its return to the offshore debt market.

The Republic of Korea is likely to be dipping into the Panda bond market for its first renminbi-denominated trade, after the Chinese central bank gave the deal its blessing over the weekend.

CDB Leasing has approached lenders for a $300m fundraising, marking its second outing in the loan market this year.

Daniel Ng, one of China Merchants Securities’ (CMS) most senior bankers and a veteran of the Hong Kong and China capital markets, is understood to have left the firm recently.

Chinese regulators jointly released a new set of guidelines to further push financial reform in the Shanghai Free Trade Zone (FTZ) on October 30. The changes aim to accelerate the opening up of capital account and make Shanghai a genuine international financial centre.

China General Nuclear Power Corp (CGNPC) has wrapped up its second dollar deal of the year, using a keepwell agreement this time around rather than a direct guarantee. Despite the less investor-friendly structure, the company saw a huge following and managed to price the notes with little new issue premium.

Beijing Environment Sanitation Engineering Group (BESG) wasted little time with its inaugural international bond, wrapping up a euro-denominated deal before European investors were even able to get a look at it.

Alister Moss, who left the banking industry three years ago, is set to make a comeback by joining Nomura's DCM syndicate team.