Northeast Asia

ICBC International Holdings priced a three year bond on Monday with the support of a 22-member syndicate team.

China Lesso Group, a building materials manufacturer, has mandated five banks for a new money loan, returning to the market after two years.

South Korea’s Kakao Pay is revising the prospectus for its up to W1.63tr ($1.42bn) listing after the country’s securities regulator requested it to add more information to the documents, in the latest sign of an increasingly heavy-handed approach to the IPO market.

In this round-up, the Chinese central bank releases the first white paper for its digital currency, regulators led by the Cyberspace Administration of China conduct an on-site inspection at Didi Chuxing Technology, and the takeover period of nine financial firms linked to beleaguered conglomerate Tomorrow Holding has been extended.

Mizuho has lost another three loans bankers in Hong Kong, after a senior director left at the beginning of the year, according to a source close to the situation.

In this round-up, China’s economic growth slows in the second quarter, Beijing launches the world’s largest carbon emission trading scheme, and the top market regulator approves Tencent Holdings’ plan to take US-listed search engine Sogou private.

As Western companies operating in Hong Kong await the details of a warning from the US State Department about the risks of doing business in the special administrative region, analysts say the growing rift between China and the US is putting HSBC in an especially uncomfortable position.

JP Morgan has hired equity capital markets banker Jonathan Paul, the latest in a series of additions to its Asia Pacific ECM team.

Five real estate companies from Greater China made their way into the dollar bond market on Thursday, appealing to investors with short tenors and juicy new issue premiums.

Athletes are finally arriving in Tokyo for the long-awaited 2020 Olympics. I am bracing myself for what could be the oddest Olympics I've ever seen.

Beijing Enterprises Water Group sold two Panda bonds in China’s exchange market this week, raising Rmb2bn ($309m).

China’s Sichuan Languang Development Co has become the latest property developer to default on a domestic public bond, failing to repay a Rmb900m ($139m) medium term note this week. More defaults from the company are likely, writes Addison Gong.