Northeast Asia

This week, my thoughts are with friends in Beijing, who are once again reliving one of their worst nightmares. No, not the second wave of Covid-19 infections, but having to take the test to see if they had the virus.

The former head of JP Morgan’s China unit has joined US-based index provider MSCI to lead its Greater China client coverage.

Chinese property developers Ronshine China Holdings and Sichuan Languang Development Co returned to the market on Tuesday to reopen their dollar bonds. Both the borrowers priced their taps tightly, but saw their notes widen in the secondary market.

Commerzbank has appointed Tony Zhang as the country chief executive for China and the general manager of its Shanghai branch.

Castle Peak Power Co’s latest energy transition bond shows the potential of the product in Asia — and the big role capital markets can play in moving towards a greener future.

Zhen Ding Technology Holding tapped the equity-linked market on Monday with a zero coupon convertible bond.

China’s ChiNext board, which focuses on innovative companies and start-ups, has started accepting listing applications as it kicks off a reform centred on a registration-based IPO system.

Fosun International pushed pricing aggressively for a new deal on Monday, but the $600m bond still surpassed its size expectations.

CLP Power Hong Kong has added $750m to its coffers from a dual-tranche bond, taking advantage of the hot demand for its subsidiary’s recent issue to attract investors.

MicroPort Scientific Corp raised HK$1.55bn ($200m) on Monday after selling a chunk of new stock.

Qatar National Bank snapped up Rmb1.2bn ($170m) from a quick Formosa bond outing on Monday. Just a day after, the People’s Bank of China wrapped up one of its routine dim sum transactions.

Subsidiaries of China Steel Corp and Ta Ya Electric Wire & Cable have closed their respective dollar loans.