Northeast Asia

Two senior bankers have joined Nomura as managing directors on the China investment banking and Asian healthcare teams, according to two memos seen by GlobalCapital Asia.

Chinese mobile content aggregator Qutoutiao has hit the play button on its US IPO, targeting $144m from an offering of American Depository Shares (ADS).

Singapore’s United Overseas Bank and Shanghai Pudong Development Bank have agreed to work together on financing Belt and Road-related activities.

Chinese gaming firm CMGE Technology Group is planning to list in Hong Kong, filing a draft prospectus with the city’s bourse on Tuesday.

Two Chinese bond issuers found opposite responses to their green outings on Tuesday. While China General Nuclear Power Corp opted for a euro-denominated deal to target green dedicated funds in Europe, Beijing Capital Group found less traction with sustainability-focused investors for its dollar trade.

China International Capital Corp (Hong Kong) has priced a $400m three year floating rate note in line with market expectations, paying just a single-digit new issue premium.

China General Nuclear Power Corporation sold its second green bond in the euro market on Tuesday, nine months after its first success in the format. Last time the company sold green alongside five and 10 year conventional dollar bonds and this time it used a similar combination, replacing the 10 year dollar option with 30 year notes.

The best funding plan is one that suits an individual issuer, and if that means a club deal without a legitimate public bookbuilding process, so be it. But even so, there are some lines that shouldn’t be crossed.

Fosun Tourism Group, a subsidiary of Chinese conglomerate Fosun International, is planning to spin-off and list on the Hong Kong Stock Exchange.

GlobalRMB is pleased to announce the winners of its inaugural awards, honouring those banks, companies and individuals that have made the biggest contribution to bridging the gap between China and the rest of the world.

First Abu Dhabi Bank (FAB) returned to the offshore renminbi bond market on Monday with its third issuance in the currency this year.

In the latest Clawback, columnist Philippe Espinasse turns his focus to hiring practices in the region's equity capital markets.