Agricultural Bank of China

The securitization of non-performing loans by Chinese banks is gaining plenty of traction as they are set to achieve off-balance sheet accounting treatment — one of the major hurdles for the development of the asset class.

The Chinese Panda bond market is starting to heat up with a slew of corporates in the midst of preparing their respective trades.

The Panda bond market is looking crowded this week. Joining German car maker Daimler is Singapore’s DBS Bank which is marketing its debut Panda, several sources have told GlobalRMB.

Bank of Tianjin has commenced pre-deal investor education to test the waters for its $1bn Hong Kong IPO, say bankers.

China Huarong Asset Management has hired Richard Zhang in the newly created role of investment director to lead and oversee investment, with a focus on expanding the asset manager's offshore allocation.

One of China’s big four banks, Agricultural Bank of China, is seeking shareholder approval to issue Rmb80bn ($12.16bn) worth of Basel III tier two capital notes in the period up to the end of 2018.

The People’s Bank of China (PBoC) and the Central Bank of United Arab Emirates have signed a memorandum of co-operation to set up renminbi clearing arrangement in UAE. At the same time the region is set to get its first RQFII quota.

New Hope International has wrapped up syndication of a $100m facility that came with a guarantee from its parent, Chinese agribusiness New Hope Group.

Zhuhai Huafa Group completed Asia’s first offshore renminbi denominated bond in close to a month, raising Rmb1.5bn ($235m) with a three year offering on November 18.

Zhuhai Huafa Group (Zhuhai Huafa), a company closely involved with urban planning and development, is set to return to the dim sum bond market with a three year offering in the near future, GlobalRMB has learned.

Shandong Gold Group launched a capped $300m trade on November 4, the first time it is venturing into the international bond market for funding.

Chinese state-owned enterprise Shandong Gold Group is planning to issue its first international bond with the help of a standby letter of credit from Bank of China’s Shandong branch.