Northeast Asia

Hong Kong and overseas investors will be exempted from capital gains tax when they trade A-shares via the upcoming Shenzhen-HK Stock Connect, in-line with what is already in place for Shanghai Connect.

People’s Bank of China is returning to its old habits of sending out window guidance to banks in yet another attempt to stem capital outflows, with the latest measures targeting cross-border M&A and offshore RMB loans.

Financial services firm Enerchina Holdings is planning a rights issue with a view to raising up to HK$941.6m ($121.4m).

Ronshine China Holdings started taking orders for its inaugural international bond on Thursday. The deal was announced with substantial anchor orders following the roadshow, said bankers.

Panda and dim sum bonds are set to end 2016 with different outcomes with the former gaining plenty of traction as the latter suffers from a dire lack of appetite, according to GlobalRMB data.

State Power Investment Corp (SPIC) fired the starting pistol in Asia’s dollar bond market this week, selling a $1.2bn dual tranche offering on Tuesday. The state-owned enterprise played off its strong name and high rating, and ended up paying little by way of new issue premium, even though the market was volatile.

Samsung Electronics Co is toying with the idea of splitting itself in two and floating shares on an international exchange.

Asia’s debt capital markets opened with a bang on Wednesday with five issuers fighting for attention. Investors have plenty of choice including a euro deal and a trio of dollar offerings from Chinese FIG and corporate names.

South Korea's Shinhan Bank opened books to its second dollar tier two deal of the year Wednesday morning.

IPOs in Hong Kong this year have been dominated by friends and family investors or throttled by cornerstone accounts. But the appearance of technology company Meitu could be the deal the market needs to attract foreign investors, so it can’t be allowed to slip into the ranks of mainland dominated deals.

Citi and Goldman Sachs executed a clean-up trade for SK Telecom in South Korea’s Posco on Monday, with the club deal raising W307.9bn ($261.9m).

K Wah Financial Services is said to be on the hunt for a HK$6bn ($773.6m) five year facility. The company was last seen in the loans market in May this year, when it sealed a HK$2.4bn borrowing.