Greater China

Taiwan’s China Development Financial Holding said is seeking to list its brokerage unit KGI Securities in Hong Kong, under a plan that will see KGI restructuring its Asia Pacific operations in a bid to grow its business lines across Hong Kong and southeast Asia.

Global asset manager Standard Life Investments (SLI) has appointed two multi-asset specialists to the new role of investment director.

China's recent stock market volatility has made some international investors more jittery about putting their money to work in the country's domestic markets, but it is not putting everyone off increase their exposure to Chinese assets.

The London Metal Exchange (LME) has accepted offshore renminbi (CNH) as eligible cash collateral for its clearing house, LME Clear, following regulatory approval from the Bank of England. LME Clear told GlobalRMB that the initiative laid the foundation for further expansion in the future.

China is expected to introduce incentives for green bond issuance as part of its efforts to push forward its developing green bond market. Singapore should do the same, if it wants to bring its sluggish bond market back to life.

This year Chinese securitization has struggled to continue the momentum it showed at the end of 2014, failing to come close to the increased Rmb500bn ($82bn) quota from the regulators. While there is more than one reason behind why issuance has been slow, market participants are still confident the budding asset class will come good by the end of the year.

Just when it seemed like calm was returning to China’s whipsawing stock market, investors were thrown another curveball on Monday, as Shanghai suffered its worst one-day plunge in eight years. While ECM desks in Hong Kong were rattled by the rout, they are not pressing the panic button.

Taiwan's stature as an offshore renminbi hub is being given a lift from expectations of the currency's further depreciation against the dollar. A flurry of deals came in the last month, with a particular surge in the last week.

Citic Capital Holdings has hit the market for a HK$1.8bn ($232m) three year loan, with six mandated lead arrangers and bookrunners in tow. The company is paying a lower margin for the three year borrowing than for a two year it signed in 2013.

Short-end CNY swaps have been very well offered after the People's Bank of China (PBoC) injected cash into the financial system and increased its currency fixing. The 1s/3s NDIRS slope remains flat but a very near-term correction is thought unlikely given the current equity market volatility, writes Deirdre Yeung of Total Derivatives.

South Korea’s Shinhan Bank wrapped a successful return to the offshore renminbi market on July 27, raising more than initially aimed on the back of strong demand. The issuer was also able to price the new dim sum bond inside its dollar curve thanks to a favourable cross currency swap (CCS).

China Merchants Holdings (International) became the third Chinese issuer in less than a week to access the international bond market with a dual-tranche offering split between five and 10 year bonds on July 27. The identical structures and close proximity of the deals meant it was more or less the same result for the Chinese conglomerate.