Northeast Asia

China’s move to tighten its grip on overseas IPOs of technology companies could be a boon to a handful of other markets in Asia.

CLP Power Hong Kong's latest $300m bond offered a rare bit of stability in a volatile market, making the well-established borrower popular with investors — but only for the right price.

Chinese state-owned enterprise Zhejiang Provincial Energy Group Co has returned to the offshore market for the first time in nearly seven years to print a $500m bond.

Three real estate developers from Greater China raised additional funding from the dollar bond market through opportunistic trades on Tuesday, taking some comfort from the Chinese central bank’s recent move to boost renminbi liquidity.

The liquidity crisis at Chinese real estate issuer Sichuan Languang Development Co went up a notch this week, after it failed to repay Rmb900m ($139m) of domestic bonds.

Korea Investment & Securities marketed a three year and a five year bond on Monday, raising a combined $600m.

Hong Kong-based financial leasing company Far East Horizon raised Rmb500m ($77m) from a two year Panda bond in the domestic Chinese market at the end of last week.

Qatar National Bank Group has opened a Hong Kong branch in a move to further expand its global presence.

In this round-up, China’s central bank will cut the reserve requirement ratio for banks by 50bp, Beijing further tightens its grip on overseas IPOs of technology companies, and the top antitrust watchdog blocks Tencent Holdings’ plan to merge two of the country’s largest videogame streamers.

Activity in the recruitment market for sustainable capital markets experts has ticked up this year, as banks looking to staff up in this area see a small but growing talent pool to tap. A recent hire by Santander in London is a good example.

Credit Suisse has named veteran investment banker Janice Hu as its new chief executive for China.

Bonds issued by the Chinese government and policy lenders saw a strong rally on Thursday after the State Council signalled a cut in banks’ reserve requirement ratio (RRR), a move that could unleash hundreds of billions in renminbi liquidity into the market.