Hong Kong SAR

Former JP Morgan banker Ed Tsui is joining Deutsche Bank as head of debt syndicate, Asia, according to an internal memo seen by GlobalCapital Asia.

UBS Asset Management has appointed Hayden Briscoe as head of fixed income for Asia Pacific.

The International Swaps and Derivatives Association has published a ‘clearing classification letter’ that will enable derivative counterparties to notify each other of their status for clearing requirements under Hong Kong’s mandatory clearing regime.

Rabobank has hired a banker for its loan syndications team in Hong Kong, replacing Kitty Leung who left the firm earlier this year.

The Hong Kong Stock Exchange (HKEX) has released new research, which it hopes will dispel the long-held belief that equities in the city are undervalued when compared to shares on the Mainland.

Fosun International-backed insurer Ironshore is looking to raise some $100m via a US listing in a trade to feature only secondary shares, according to a filing with the US Securities and Exchange Commission.

In this round-up, China eases rules on foreign investment in the free trade zones (FTZ) and OTC Clear receives approval to clear CNH cross currency swaps (CCS). Plus, a recap of GlobalRMB’s top stories this week.

India’s Yes Bank is eyeing Taiwanese liquidity for a $100m term loan that comes with an undisclosed greenshoe option.

The Asian loans teams at three banks have seen changes recently following exits in Hong Kong and Singapore.

Greenland Hong Kong and China Railway Group opened books for their respective dollar bonds on Thursday after meetings with investors earlier this week.

A Hong Kong-based senior banker at HSBC, who has worked in the syndicated loans team for nearly a decade, is understood to have left the bank.

Guangzhou Rural Commercial Bank has mandated a quartet of banks for a Hong Kong listing that could be worth around $1.5bn, according to sources familiar with the matter.