Northeast Asia

In this round-up, the Chinese Communist Party’s leaders will meet this week, the US and China held a phone call to discuss a trade deal over the weekend and fully foreign-owned Qingdao Yicai received a mutual fund sales licence.

Citi has named Michael Paulus as Hong Kong-based head of the Asia Pacific public sector group.

In this round-up, the big five Chinese banks have boosted lending to small and micro enterprises by 30% this year, the Chinese Ministry of Finance is planning to issue a euro bond and China’s ranking in ease of doing business jumped to 31 from 46.

In this round-up, China and the US are hammering out a draft of a mini trade deal, the regulators have switched around leaders at state-owned bad debt managers and the new foreign investment law has received praise from foreign investors.

Changsha Broad Homes Industrial Group has launched the deal roadshow for its Hong Kong listing. It is looking to raise up to HK$1.52bn ($194m).

UBS Securities, the Swiss bank’s China onshore joint venture securities firm, has named Eugene Qian as chairman, succeeding Di He who is stepping down after two decades at the bank, according to an internal memo seen by GlobalCapital Asia's sister publication GlobalRMB.

CNI Capital, a wholly-owned subsidiary of state-owned China National Nuclear Corp, sold a Rmb1bn ($141m) three year dim sum bond on Thursday. The pricing of the unrated offshore renminbi deal was tighter than expected, said bankers.

Lenders have until Friday to respond to an amendment and extension of Tsinghua Unigroup’s two old borrowings from 2017. The banks were given just two weeks to respond.

Shanghai Pudong Development Bank Co priced a $300m floating rate note (FRN) at just a marginal premium over the curve of the big four Chinese lenders.

Bankers and journalists often complain about how much things have changed in Hong Kong, with long lunches and even longer nights making way for rigid meetings, PowerPoint presentations and low-fat lattes. Taipan was reminded of the old ways this week ─ and his head is still throbbing.

Huawei Technologies Co, a centrepiece in the ongoing US-China trade war, bagged Rmb3bn ($425m) from its first-ever onshore bond on Wednesday. Although the issuance opens up a new and cheap funding channel for the company, it will have to return to the dollar bond market to refinance its outstanding bond soon, bankers said.

Warehouse construction firm and lessor ESR Cayman relaunched a bigger Hong Kong IPO this week, four months after pulling its first listing attempt because of volatility. But a revamped syndicate team and positive momentum in the local IPO market have given the new deal some impetus, writes Jonathan Breen.