South Korea

The South Korean government is looking to list six power generation subsidiaries of Korea Electric Power Corp from 2017.

In this round-up, South Korea’s RMB deposits drop to near-zero, South African rand starts direct trading with RMB, and BlackRock launches its first US-listed physical A-shares fund. Plus, a recap of GlobalRMB’s coverage this week.

Asia’s bond markets have remained resilient despite a Federal Open Market Committee meeting this week and rising concerns about the UK referendum on European Union membership. With deal flow building up for next week, bankers said Asian issuers stand to benefit from volatility in Europe, writes Narae Kim.

Hotel Lotte’s IPO could yet go live by the end of 2016 despite being postponed on Monday after prosecutors raided the offices of Lotte Group, according to a statement from the parent.

CIMB has made 16 people redundant in investment banking and equities, the second time the Malaysian lender has cut regional jobs this year amid a slump in deal flow.

South Korea’s financial authorities announced a new set of capital-control regulations in a bid to provide its financial system with a better buffer against external shocks.

Hotel Lotte could yet give a boost to South Korea’s equity capital markets by going live with its IPO by the end of 2016, announcing the possibility just days after it postponed its transaction.

South Korea’s Woori Bank is expected to bring a dollar-denominated Basel III additional tier one bond to the market as early as September after its plans were abruptly put on hold in April due to a proposed changes in rules.

Hyundai Mipo Dockyard Co is exiting from KCC Corp, launching a block deal on Tuesday evening worth up to W147bn ($126m).

Hotel Lotte Co has axed plans for a listing that could have raised W5.3tr ($4.5bn) after a raid by investigators on the offices of its parent proved one setback too many for the issuer.

Standard Chartered Bank has raised W109bn ($92.9m) after exiting from South Korea’s Innocean Worldwide, in a deal priced at the wide end of the discount range.

Investigators raided the offices of Lotte Group early Friday morning, one week after they did the same to its subsidiary Hotel Lotte Co, which is in the midst of trying to launch an IPO.