Asia Pacific

Industrial and Commercial Bank of China priced an unrated dual tranche dim sum that attracted over Rmb3bn in orders from European and UK investors on the day the lender was added to the Financial Stability Board’s list of globally systemically important banks (G-SIBSs).

China has taken the first steps towards integrating its interbank and stock exchange bond markets. Yet the country needs to reduce the number of regulators before full integration can be a reality, say analysts.

Industrial and Commercial Bank of China priced an unrated dual tranche dim sum that attracted over Rmb3bn in orders from European and UK investors on the day the lender was added to the Financial Stability Board’s list of globally systemically important banks (G-SIBSs).

In an attempt to encourage more transparent credit markets and funding for SMEs, China has introduced pilot programmes promoting asset securitisation. It’s a good way to help diversify risk away from banks and into the capital markets, but a lot more needs to be done to make it truly effective. Joti Mangat reports.

United Overseas Bank netted strong demand from private banks for its second Basel III-compliant tier one this year.

Industrial and Commercial Bank of China launched a dual tranche dim sum bond on Tuesday that is mainly targeting UK investors.

Regulators are allowing Chinese banks to diversify their investor base by selling bonds to retail investors in the stock exchange market which should reduce their reliance on state-owned investors.

Industrial and Commercial Bank of China is taking advantage of London’s ambitions to become a offshore renminbi hub by issuing a dim sum bond that will be mainly targeting UK investors.

Foreign central banks can take advantage of bilateral swap agreements with the People’s Bank of China (PBoC) to promote offshore RMB business in their own markets, says ANZ.

A rising rates environment in China coupled with capital account liberalisation will lead to quicker rate convergence between the onshore and offshore market –and pique investors’ appetite for floating rate CNH bonds.

Industrial and Commercial Bank of China is taking advantage of London’s ambitions to become a offshore renminbi hub by issuing a dim sum bond that will be mainly targeting UK investors.

China Development Bank injected some zest into the dim sum bond market on November 6, pricing a Rmb4.5bn ($739m) three trancher and giving investors a dose of much needed supply of high grade Chinese bank bonds, writes Frances Yoon.