Northeast Asia

Chinese homebuilder Jiayuan International Group dipped into the market again on Friday, selling a $200m bond.

Sumitomo Mitsui Banking Corp has hired Aaron Chow as a general manager in its investment banking department.

In this round-up, Mainland Chinese partners cut ties with the National Basketball Association (NBA) after disagreements surrounding the Hong Kong protests, China’s foreign currency reserves fell in September and UBS has received the green light to trade global depositary receipts through the Shanghai-London Stock Connect.

In this round-up, vice premier Liu He started a two-day negotiation in Washington DC, the Chinese Ministry of Finance transferred 10% of its stake in Bank of Communications into a state-run fund and the National People’s Congress released draft rules to regulate state employees’ public discourse.

A real estate investment trust backed by conglomerate Lotte Group has raised W430bn ($362.1m) in South Korea’s largest public Reit listing.

Hong Kong-listed chipmaker Semiconductor Manufacturing International Corp has sealed a Rmb1.5bn ($211m) Panda bond, opting for a super short-term tenor for the many advantages it offers, said sources close to the situation.

Industrial and Commercial Bank of China raised $1bn from two Libor-linked floating rate notes (FRNs) at record tight levels, a day after its peer Bank of China paid up to issue Asia’s first dollar floater tied to a new benchmark.

E-House (China) Enterprise Holdings returned to the dollar market for the third time this year, raising $200m from its latest deal.

Yancheng Oriental Investment & Development Group Co raised $360m from a bond on Thursday, while another Chinese government-owned issuer, Shandong Shipping Corp, priced a $200m three year deal.

Regulators must tighten the rules and standardise definitions surrounding sustainable financial assets such as green bonds to attract demand from investors worried by greenwashing, the International Monetary Fund (IMF) has warned.

The US’s announcement this week that it was putting a whole host of Chinese companies on its blacklist for alleged involvement in human rights abuses is set to hit some of them hard. One of the victims is artificial intelligence (AI) leader Megvii Technology, which has been working on a billion-dollar Hong Kong IPO that will now be a challenge. Jonathan Breen reports.

Stocks listed on Shanghai’s new Star market could soon be included in MSCI’s index if they meet requirements, the index provider said on Wednesday.