Hong Kong SAR

Axis Bank is on track for its debut green bond, marking the third dollar green offering to be sold by an Indian borrower.

Morgan Stanley is set to name Jing Qian, its co-head of China investment banking, as chief executive of Morgan Stanley Huaxin Securities Co, the US bank’s joint venture in China.

China Hongqiao Group is in the market for a $700m three year loan that was opened for syndication this week via seven bookrunners, according to bankers working on the deal.

In this round-up, China's central bank appoints a new deputy governor, first foreign banks with direct access to China’s onshore foreign exchange market are named, the first RMB certificates of deposits (CDs) settle in the US, and eight new RMB qualified foreign institutional investor (RQFII) licences. Plus, a recap of our stories this week.

CIMB Group has reinstated Nazir Razak as chairman following a month-long review triggered by several money transfers involving his personal bank account.

For some, the fun in travelling is who you are with. For others, it’s a whole different story.

Bankers and investors are paying close attention to BOC Aviation as it navigates the market with its HK$8.7bn ($1.1bn) IPO, set to be one of the largest listings of the year in Hong Kong. But what sets this deal apart is that despite its link to Chinese state-owned Bank of China, it is not being propped up by friends and family investors. Jonathan Breen reports.

Chinese electric vehicle maker Yadea Group Holdings has raised HK$1.29bn ($166.2m) from its IPO in Hong Kong after pricing the deal at the bottom of guidance.

IFC and ADM Capital have launched a new platform that aims to syndicate lending to sound but financially stressed companies in Asia, filling a gap in lending to small and medium-sized enterprises.

Industrial and Commercial Bank of China sealed a new $500m three year bond via its Hong Kong unit on Monday, less than two weeks after its Singapore branch scooped up $800m. Although the issuer checked all the boxes, demand from Chinese onshore accounts was weak given the recent flurry of financial names in the market.

Hong Kong-based Chong Hing Bank is gearing up to sell its debut Panda bond of up to Rmb1.5bn ($230m) on May 20. Five banks have been mandated for the transaction which is offering higher price guidance than during the marketing stage due to recent defaults in the China bond market.

China Merchants Securities Co is hoping to follow its peers onto the Hong Kong Stock Exchange with a third quarter listing.