Northeast Asia
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Jefferies has hired CLSA's Christopher Wood as global head of equity strategy. -
Sichuan Languang Development made a quick return to the market on Thursday, tapping bonds it sold in April in what was its fourth outing since debuting in the dollar market last September.
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In this round up, China floated rare earth exports as a weapon in its trade war with the US, May’s PMI fell across the board and the People’s Bank of China (PBoC) activated a fund to protect domestic depositors’ savings
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ESR Cayman is poised to launch its Hong Kong Stock Exchange IPO next week.
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Portugal attracted strong domestic interest on Thursday when it became the first issuer from the eurozone to enter the Panda bond market. Other borrowers from the eurozone are set to follow in its path, including Austria, as issuers look to broaden their investor base and develop the Panda market.
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Portugal sold its long-awaited debut Panda bond on Thursday, becoming just the third European sovereign and the first from the eurozone to tap China’s bond market.
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China East Education Holdings has launched bookbuilding for its potential HK$5.3bn ($681m) IPO.
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Chinese e-commerce and tech behemoth Alibaba Group Holding is planning its second listing, which will most likely be on the Hong Kong Stock Exchange. Amid uncertainty and volatility from the US-China trade war, the move is being hailed as a long-overdue homecoming. Gina Lee reports.
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Chinese authorities took over Baoshang Bank this week, the first time the state has taken control of a financial institution in two decades. Despite the central bank promising to guarantee most deposits held by Baoshang, yields on similarly rated banks’ outstanding short-term debt jumped as issuance volumes tumbled — leading the central bank to take the ‘unusual’ move of injecting liquidity into the market for three consecutive days. Rebecca Feng reports.
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South Korean oil refiner GS Caltex Corp raised $300m from a senior bond on Wednesday.
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The Hong Kong financial regulator has fined China Merchants Securities’ local arm for breaching its IPO code of conduct while working on the listing of China Metal Recycling.
