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Chinese brokerage ignores weakening Asian credit markets to bring a debut credit-enhanced bond.

Huaneng Hong Kong closes the first dollar bond in more than a week, but it is heavily placed with banks.

The asset manager handling China's bad loans gives investors comfort through a keepwell agreement, intercompany loan and share pledge.

The rights issue will ease China Merchants Bank's capital pressure considerably, however, even after the cash replenishment, CMBÆs capital will remain thin compared to other leading banks in China.