Greater China

Commerzbank has lost a senior member of its Asia DCM syndicate team, according to a source close to the move.

Wynn Resorts Macau (WRM) announced on September 30 that it has expanded both the size and maturities of its existing secured bank facilities.

Shandong Weigao Orthopaedic Device Co is taking another stab at a Hong Kong listing, tweaking the list of sponsors leading its deal.

CME Group, the world’s largest derivatives marketplace, has entered into a co-operation agreement with the China Foreign Exchange Trade System (CFETS), the top trading platform in the country for RMB products, CME said on September 25. Meanwhile, ParFX, a wholesale electronic trading platform, announced on September 23 it was adding the RMB to its currency trading platform.

Bank of China Paris branch, BNP Paribas, HSBC France and Natixis are to share euro/offshore RMB (CNH) exchange rate information, financial organisation Paris Europlace said in a September 24 press release.

Natural gas storage and transportation service provider CIMC Enric Holdings has sealed a $150m loan, finding demand from a syndicate of 13 banks.

Asian green bonds are finally taking off, with an increase in dealflow and the emergence of new markets set to transform the potential of the asset class. But the investor base remains largely non-specialised, with the green credentials of a deal often of little importance. Christina Khouri reports.

China Development Bank opened books on September 29 for a dollar-euro combo, taking advantage of a small issuance window before China begins its Golden Week holidays on Thursday.

Hengtou Securities is braving turbulent markets by launching a HK$1.69bn ($218.07m) IPO in Hong Kong on Tuesday, even as sell-downs intensified in several of the city’s biggest brokers.

Bank of China Hong Kong took the market by surprise on September 29 when it announced in the morning that it had successfully completed its Rmb1bn ($157m) Panda bond. That meant BOCHK, whose deal had been expected to run alongside a similar trade from HSBC that also priced on Tuesday, was able to claim the position of the first foreign bank to issue in China’s domestic bond market.

A paper published by the University of Hong Kong argues that the city’s IPO sponsors may not in fact be subject to civil and criminal liabilities on prospectuses. This is a departure from the position taken by the Securities and Futures Commission last year, writes Philippe Espinasse.

Recent volatility surrounding China’s A-share market has prompted Huishang Bank to ditch its Shanghai listing in favour of an H-share placement.