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GC Asia
Asia - The View
Luckin Coffee: out of luck
Luckin Coffee seemed too good to be true.
08 Apr 2020
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Regulation & Policy
CSRC mulls faster IPO approvals for Covid-19 affected firms
The China Securities Regulatory Commission (CSRC) is speeding up the approval process for IPOs and follow-ons for companies impacted by the Covid-19 pandemic, GlobalCapital China understands.
05.00 AM -
Regulation & Policy
China policy round-up: Trump accuses WHO of being ‘China centric’, State Council to develop capital markets, promote cross-border e-commerce
In this round-up, US president Donald Trump lashes out at the World Health Organization (WHO) for being too ‘China centric’, and the State Council plans to develop more active capital markets and promote e-commerce trades.
06.45 AM -
People & Markets
China market round-up: Foreign currency reserves slide, overseas institutions pour money into Mainland bonds
In this round-up, China's foreign currency reserves decreased by $46bn in March, and non-Chinese institutions continued to add onshore bonds to their books.
08.00 AM
Bonds
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Chinese telco warns over put repayment risk
Dr Peng Telecom & Media Group Co, a Chinese company with an international bond that falls due in two months, has told domestic investors it might not be able to redeem a Rmb1bn ($141.7m) onshore bond, after investors decided to put the deal.
08 Apr 2020 -
Xiaomi scores tight pricing in debut Panda bond
Hong Kong-listed Xiaomi Corp sold its first private placement Panda bond on Thursday. The Rmb1bn ($141m) deal was priced tighter than banks and the issuer previously expected.
03 Apr 2020 -
NDB finances emergency loan to China with Panda bond
New Development Bank, a multilateral development bank established by the five BRICS countries, sold a Rmb5bn ($704m) three year Panda bond on Thursday. All proceeds will be used to fund an emergency loan NDB recently promised to three Chinese provincial governments to help them combat the Covid-19 outbreak. Rebecca Feng reports.
02 Apr 2020
Securitization
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Mercedes-Benz uses rare revolver for auto ABS
Mercedes-Benz Auto Finance broke an almost year-long break from the China auto ABS market this week with a Rmb6.316bn ($892m) deal. The company added a three month revolving period to its transaction, a rarity for issuers.
20 Mar 2020 -
Beijing Hyundai, VW ride on strong liquidity for ABS deals
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SAIC-GMAC, Geely show onshore ABS liquidity strength
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Volkswagen revs up for China ABS
Loans/Equity
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CSRC mulls faster IPO approvals for Covid-19 affected firms
The China Securities Regulatory Commission (CSRC) is speeding up the approval process for IPOs and follow-ons for companies impacted by the Covid-19 pandemic, GlobalCapital China understands.
05.00 AM -
CSRC gives more clarity to Star board IPO hopefuls
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Companies plot Star IPO comebacks
Comment
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China moves to simplify its bond regulation landscape, but alphabet soup still confuses more than clarifies
China has launched a streamlined system for corporate bond issuance. The move should be applauded — but it further muddies the waters in China’s regulatory system, writes Rebecca Feng.
05 Mar 2020 -
China ABS: BMW will not be overtaken
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China needs to get going on TLAC bonds
People & Markets
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China market round-up: Foreign currency reserves slide, overseas institutions pour money into Mainland bonds
In this round-up, China's foreign currency reserves decreased by $46bn in March, and non-Chinese institutions continued to add onshore bonds to their books.
08.00 AM -
China policy round-up: Trump accuses WHO of being ‘China centric’, State Council to develop capital markets, promote cross-border e-commerce
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CSRC mulls faster IPO approvals for Covid-19 affected firms
FX
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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
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China market round-up: foreign reserves drop, October exports climb, Singapore Exchange plans to help Chinese enterprises
Derivatives
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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
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SGX partners up for Belt and Road indices
Exclusive Data from GlobalCapital China
Investment
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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
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Chinese bankers eye foreign investors for micro loan ABS push
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US-China tensions key to market outlook: Aberdeen
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ChinaBond collaborates with international index provider for the first time
Cash Management
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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
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China in the Year of the Dog: FTZs are dead. Long live FTZs
