Northeast Asia

Nomura has made two senior hires in Hong Kong, creating new positions in equity sales trading and prime finance, according to separate memos seen by GlobalCapital Asia.

Property developer China Jinmao Holdings Group is marketing a dollar-denominated subordinated bond — its first hybrid offering.

Indian oil producer Bharat PetroResources (BPRL) and Hong Kong’s New World Development Company have announced their respective bond offerings after wrapping up roadshows on Monday.

Asset manager Barings has tapped a new chief executive officer for its South Korean operations, according to a Tuesday announcement.

RMB transactions may be shifting onshore but efforts still need to be made to improve the liquidity of offshore renminbi to aid the internationalisation of the currency, according to a report released by the Hong Kong Stock Exchange last week.

South Korean game developer Netmarble Games is on track to start pre-marketing its up to W2tr ($1.7bn) IPO shortly after Chinese New Year, according to a banker working on the trade.

Four corporates from Greater China announced their respective plans to sell bonds on Monday, setting the stage for a potentially busy week of primary issuance in Asia.

Right Lane, a subsidiary of Chinese conglomerate Legend Holdings, has approached the loan market for a $350m borrowing.

Morgan Stanley and UBS are looking to bump up their stakes in their respective securities joint ventures in China to the maximum 49%, said sources from both banks.

The People’s Bank of China (PBoC) went into reverse gear on Monday, weakening the dollar fix by 0.9%, China’s foreign currency reserves cling on to the $3tr level, and Shenzhen Connect sees slow but steady foreign interest.

China’s Jilin Jiutai Rural Commercial Bank has bagged HK$3.0bn ($386.9m) after pricing its IPO near the bottom of guidance.

South Korean flag carrier Korean Air is planning a share sale that could raise W450.0bn ($378.0m), according to a filing with the Financial Supervisory Service on Thursday.