Northeast Asia

China’s OneSmart International Education Group opened books for its $211.9m IPO of American Depository Shares (ADS) on Monday.

While underwriters in the international markets tend to have an important role in price discovery and distribution, some of China’s onshore banks are trying something different and are acting nothing like underwriters.

Baidu-backed video streaming platform iQiyi kicked off bookbuilding for its $2.38bn US listing on Monday and was covered quickly.

Credit Suisse has named Sergio Morita as Ashish Sharma’s replacement to helm the loan syndications desk in Asia Pacific, according to an internal memo seen by GlobalCapital Asia.

The Chinese leadership picks Yi Gang as the next governor of the People’s Bank of China, Chinese bankers are confident about the prospect of the country’s economy, and Panama prepares to sell $500m worth of Panda bonds by the end of the year.

IT service provider Lotte Data Communication is planning to launch an IPO, filing for listing approval on Wednesday.

European corporations have had an easier time selling Panda bonds than those from other parts of the world, thanks to Chinese regulators’ acceptance of their accounting standards. But a recent deal with a guarantee structure — a rarity in the budding asset class — appears to threaten that ease of access.

BoCom International’s head of ECM is the latest senior banker to join a growing exodus of talent from banking to Chinese start-ups.

Shanghai-listed MeiHua Holdings Group has launched its debut international loan, seeking $200m through a single bookrunner.

Regulators prepare for the introduction of Chinese depository receipts (CDRs), the US Federal Reserve scolds Industrial and Commercial Bank of China for failing to comply with anti-money laundering rules, and China holds less US Treasury bonds in January.

Lotte Shopping raised W303.6bn ($285.4m) from a five year put three exchangeable bond on Wednesday, which some bankers thought was priced at overly generous terms.

Natixis has tied up with Vermilion Partners, an M&A advisory firm, to boost its cross-border advisory business in China.