Northeast Asia

HSBC’s China subsidiary is returning to the domestic bond market with a three year note today. Quietly confident that offshore investors will participate through Bond Connect, the bank took a relaxed approach when marketing the deal, sources familiar with the transaction told GlobalRMB.

Kakao Games, the gaming arm of South Korean internet giant Kakao Corp, has set the initial terms for an IPO as it waits for the green light to go public.

China Tower Corp set the ball rolling for its Hong Kong IPO on Monday, filing a prospectus for a potential $10bn listing, according to a source close to the deal.

Scepticism over China's ability to become a global financial centre was on display at an industry conference in Hong Kong, despite recent efforts at rebooting liberalisation of the onshore market.

Universal Medical Financial & Technical Advisory Services Co is making a quick return to the offshore loan market, six months after sealing a borrowing of around $600m.

Shanghai-listed Liaoning Cheng Da plans to list its biotechnology arm in Hong Kong, according to the company.

Peking University Founder Group, Industrial and Commercial Bank of China and BOC Aviation came out with floating rate deals on Monday as the format continues to find favour among investors.

Chinese telecommunication company ZTE, which is asking for a covenant waiver on a $450m loan, is set to get some relief after US president Donald Trump said he would work with China to get the company back to business soon.

JP Morgan Chase appointed Mark Leung as chief executive of China on Monday, as it unveiled plans to expand its business in the country.

Taiwan-based M17 Entertainment, a web streaming platform, has filed for a $115m IPO on the New York Stock Exchange.

The Chinese central bank outlines achievements in RMB internationalisation in 2018 so far, onshore subsidiary of Foxconn prepares A-share market debut, and international banks’ business in Shanghai grew in the first quarter.

China’s Hefei Guoxuan High-Tech Power Energy has tapped the offshore loan market for the first time, unveiling a $300m loan.