Asia Pacific
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Shandong Iron & Steel Group Co and a Chinese government-owned entity from Xuzhou both took a cautious approach to their dollar bonds on Thursday in a market that has become increasingly volatile. -
Chinese regulators are cracking down on foreign currency trading, going after brokers who have flouted restrictions by operating in a legal grey area. GlobalRMB investigates.
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A jaw-dropping $20bn of investor orders poured in for Naspers’s overnight share sale in Hong Kong-listed Tencent Holdings, in a deal one banker summed up as "a huge success, and a landmark for all involved".
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Chinese technology company Tsinghua Tongfang Co hit the market on Thursday in a desperate attempt to use its offshore regulatory approved fundraising quota before it expires at the end of March. While the issuer managed to raise $300m, the transaction was a rough one.
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Baidu managed to raise $1.5bn from a dual-tranche bond on Thursday, but a choppy market backdrop meant the notes took a battering in the aftermarket.
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Deutsche Bank has appointed Lok Yim as chief country officer for Hong Kong, succeeding Peter Lo who is retiring from the German bank after 15 years.
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Beijing Jingneng Clean Energy has launched a $220m green loan into syndication, the first of its kind for the company.
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China Renaissance has brought in ECM banker Dennis Leung as a managing director, investment banking, based in Hong Kong.
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Mainland online credit card manager 51 Credit Card submitted a draft IPO prospectus to the Hong Kong Stock Exchange on Thursday.
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A US presidential memo from Trump against China kicks off what could become a series of tit-for-tat tariff moves.
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India’s ICICI Securities covered nearly a third of its Rp40.2bn ($617.1m) IPO on the first day of bookbuilding, after the deal was launched with strong support from anchor investors.
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The head of the banking watchdog keeps his job after merger with insurance regulator, officials waive taxes on RMB-denominated oil futures for international brokers and investors, and Fitch says it is maintaining China’s sovereign rating thanks to positive growth and debt trends.
