.png)
GC Asia
Bonds
China’s special Covid-19 treasury bond disappoints in size, sparks debate on central bank’s role
China is reviving the issuance of its special treasury bonds, a funding tool it has not used since the financial crisis.
28 May 2020
-
Securitization
China’s ABS market ready for change
China’s auto ABS market has seen a slew of tightly priced deals this month, thanks to ample liquidity onshore and the growing strength of domestic investors.
28 May 2020 -
Bonds
AIIB mandates for debut Panda bond
The Asian Infrastructure Investment Bank has hired banks for a renminbi sustainable development bond, its first outing in the Panda market.
29 May 2020 -
Regulation & Policy
China policy round-up: Pompeo, Trump threaten Beijing over HK security law, USD/CNH surges
In this round-up, tensions between the US and China rise dramatically after China says it would impose a national security law on Hong Kong SAR, and the USD/CNH exchange rate reacts strongly to the latest developments.
29 May 2020
Bonds
-
AIIB mandates for debut Panda bond
The Asian Infrastructure Investment Bank has hired banks for a renminbi sustainable development bond, its first outing in the Panda market.
29 May 2020 -
Avic Capital relies on lead manager support for $400m bond
More borrowers navigated Covid-19 related pressure and rising US-China tensions to raise funds from the dollar bond market on Thursday.
29 May 2020 -
Tencent jumps on ‘golden window’ for $6bn bond
Chinese tech giant Tencent Holdings raised $6bn from a four-tranche transaction on Wednesday. The deal, which attracted some $36bn of orders at its peak, proved that global investors are not being scared away from Chinese credits, despite the geopolitical risks clouding the country. Morgan Davis reports.
28 May 2020
Securitization
-
China’s ABS market ready for change
China’s auto ABS market has seen a slew of tightly priced deals this month, thanks to ample liquidity onshore and the growing strength of domestic investors. While very short-term trades have been popular, appetite is rising for longer revolving structures, said bankers.
28 May 2020 -
Toyota gets tight pricing on auto ABS return
-
Foreign banks throw weight behind Toyota’s Rmb4.5bn auto ABS
-
Geely jumps on the bandwagon for tightly priced ABS
Loans/Equity
-
China Reits are not for all
China has taken a long-awaited step towards opening its real estate investment trust (Reit) market, publishing rules for a pilot programme. The regulators are understandably starting small, but the guidelines don’t do enough for companies that need to list Reits the most.
14 May 2020 -
More profits, more ECM deals in 2019 for SSE companies
-
China launches public Reit rules after decade-long wait
Comment
-
China Reits are not for all
China has taken a long-awaited step towards opening its real estate investment trust (Reit) market, publishing rules for a pilot programme. The regulators are understandably starting small, but the guidelines don’t do enough for companies that need to list Reits the most.
14 May 2020 -
China bond investors deserve better treatment
-
China moves to simplify its bond regulation landscape, but alphabet soup still confuses more than clarifies
People & Markets
-
China policy round-up: Pompeo, Trump threaten Beijing over HK security law, USD/CNH surges
In this round-up, tensions between the US and China rise dramatically after China says it would impose a national security law on Hong Kong SAR, and the USD/CNH exchange rate reacts strongly to the latest developments.
29 May 2020 -
China markets round-up: PBoC resumes seven-day repo, April industrial profits recover, regulators work on SSA Panda guidelines
-
China’s ABS market ready for change
FX
-
In calling China a 'currency manipulator,' the US plays its Trump card
The US finally labelled China a currency manipulator this week, a day after the renminbi weakened to below the psychological level of seven against the dollar. With China clearly indicating its willingness to open a new front in the trade war, the stage is set for an increase in rhetoric between the two countries.
07 Aug 2019 -
The week in renminbi: Allianz gets green light for Wfoe, foreign bond investors receive more tax exemptions, PBoC Shanghai supports private enterprises
-
China market round-up: foreign reserves drop, October exports climb, Singapore Exchange plans to help Chinese enterprises
Derivatives
-
Banks kick off RMB interest rate options trading
A group of 23 banks and 12 securities houses completed 154 renminbi interest rate option (IRO) transactions worth Rmb12.8bn ($1.81bn) on Monday. The new derivatives product is viewed as a solid step for China’s interest rate reform.
24 Mar 2020 -
Safe eases onshore FX derivs hedging for foreign investors
-
SGX partners up for Belt and Road indices
Exclusive Data from GlobalCapital China
Investment
-
Oaktree Capital registers wholly owned unit in Beijing
US-based Oaktree Capital Management has become the first foreign asset management firm to set up a wholly owned subsidiary in mainland China.
18 Feb 2020 -
China grants Value Partners onshore advisory licence
-
Chinese bankers eye foreign investors for micro loan ABS push
-
US-China tensions key to market outlook: Aberdeen
-
ChinaBond collaborates with international index provider for the first time
Cash Management
-
ADB faces hurdles to RMB funding
The Asian Development Bank (ADB) is struggling to find the long term RMB funding it needs in both onshore and offshore markets, treasurers at the development bank told GlobalRMB at their head office in Manila.
07 May 2018 -
Cips expands hours, but Swift sees more work to do
-
China in the Year of the Dog: FTZs are dead. Long live FTZs
