Greater China

Canadian investors are not being put off by China's recent equity and currency volatility. CI Investment, the first Canada-based firm to have obtained a Renminbi Qualified Foreign Institutional Investor (RQFII) licence, has told GlobalRMB that the China is still attractive to those wanting to increase their international exposure.

Some market observers are concerned China’s first margin loan ABS could be sowing the seeds of a new crisis. But it's too early to condemn such a new product — and one that regulators will be watching closely.

John Wade, the head of syndicate and MTNs, Asia Pacific at Natixis will also head loan distribution in the region for the bank from September.

The People's Bank of China (PBoC) injected a wave of cash into the Chinese financial system on Tuesday but short swaps remain bid on concerns about further yuan weakness. With the weak economic outlook expected to support receiving from the five year sector, sources predict more curve flattening momentum, writes Deirdre Yeung of Total Derivatives.

Video surveillance solutions provider UNV Digital Technologies filed for a Hong Kong IPO on August 17 with listing tentatively scheduled for the next two to three months.

Syndication has closed for a $1.5bn portion of a $1.93bn financing for the acquisition of Dutch company Philips’ LED component and automotive lighting business.The deal became a talking point among bankers, as it featured very low amortisation and a seven year tenor, which was considered aggressive by some.

Bank of Communications (BoCom) Financial Leasing and International Container Terminal Services (ICTSI) were back in the offshore bond market on August 18.

Hong Kong-listed Chong Hing Bank is bringing a rights issue to investors as it seeks to bolster its capital position. The lender plans to issue one rights share for every two existing shares, which will raise HK$3.71bn ($478.64m).

New cross-border financing schemes are being introduced across the four Chinese free trade zones (FTZs), with the newest three, in Guangdong, Fujian and Tianjin, seeing plenty of success after just four months of operations, according to foreign banks.

Hong Kong Airlines is likely to shelve the renminbi portion of what was to be a landmark dual-currency IPO and go with just Hong Kong dollars for the $600m listing.

Notebook parts maker Luxshare Precision Industry is in the market for a $200m revolver, with one bank at the helm. The Shenzhen-listed borrower is paying generous all-ins for the borrowing, which comes with a $100m greenshoe.

Less than two weeks after China's first margin loan ABS made its debut the product seems to have already struck a chord with the country’s brokerage industry. One of the top Chinese brokers, Citic Securities, obtained board approval on August 14 to sell up Rmb1.5bn ($235m) of ABS over the next two years.