Northeast Asia

China Securities Finance Co and Minsheng Education Group are looking to list in Hong Kong and filed draft prospectuses with the city’s exchange on Monday.

Shui On Development made its return to the international bond market on Monday after almost two years, bagging $250m from a new three year unrated offering.

China National BlueStar navigated a crowded primary market on Monday, netting $1.1bn from a dual trancher on the back of an impressive $4bn order book.

Days after China made the landmark decision to appoint a US renminbi clearing bank, it has made yet another clear political statement by appointing Industrial and Commercial Bank of China Moscow as Russia’s clearing bank, with a bond market link also in the making.

China Construction Bank Hong Kong, Fantasia Holdings Group and Jinan West City Investment and Development Group were out in full force in the dollar bond market on Tuesday.

Natixis has created three new business lines for its Asia Pacific corporate and investment banking (CIB) business, putting Damien Cleris, Bruno le Saint and Raghu Narain in charge.

Renminbi adoption has surged in the United Arab Emirates while lagging behind in the Eurozone, according to the latest data by the Society for Worldwide Interbank Financial Telecommunication (Swift). The Chinese authorities also seem ready to increase RMB connectivity with the Middle East through a number of new initiatives.

A veteran loans banker most recently with Bank of America Merrill Lynch is tipped for a senior role at Bank of Tokyo-Mitsubishi UFJ.

One of the biggest Chinese bad debt managers China Cinda Asset Management sealed a $3.2bn deal last Friday, marking the country’s first AT1 from a non-bank entity. In addition, it is also the largest dollar deal from a Chinese issuer so far this year.

China Minsheng Hong Kong International Leasing is planning to raise at least $300m from its latest loan, more than the initial $200m, after receiving a good response during general syndication.

China South City Holdings executed a swift tap of its outstanding $200m 6.75% five non call three notes last Friday, adding another $150m to its coffers.

The budding Chinese Panda bond market is about to get its second Canadian issuer with the National Bank of Canada establishing an up to Rmb5bn ($750m) programme.