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GC Asia
Bonds
Tahoe defaults onshore as liquidity dries up
Chinese property company Tahoe Group defaulted on an onshore bond this week because of struggles with tight liquidity, limited market access and poor corporate governance.
09 Jul 2020
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People & Markets
China markets round-up: Credit Suisse plans full control of China JV, Sina chair proposes Nasdaq exit, former CSRC head calls for delisting reform
In this round-up, Credit Suisse is reportedly seeking a bigger share in its onshore securities joint venture, Weibo’s parent Sina Corp considers delisting from Nasdaq after two decades and the former head of China’s securities regulator said easier delistings would improve the stock market.
10 Jul 2020 -
Regulation & Policy
China policy round-up: Beijing cleared of second wave of Covid-19, US sanctions officials, Trump administration looks into TikTok ban
In this round-up, the latest cluster of Covid-19 in Beijing city comes to an end, the US imposes sanctions on four Chinese officials and Mainland-based social media apps are faced with more pressure.
10 Jul 2020 -
Corp
Bonds round-up: ZhongAn sells $600m debut
Chinese issuers continued to bombard the dollar bond market on Thursday.
10 Jul 2020
Bonds
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Bonds round-up: ZhongAn sells $600m debut
Chinese issuers continued to bombard the dollar bond market on Thursday. Hangzhou Financial Investment Group Co, Yankuang Group Co and ZhongAn Online P&C Insurance were among those that sold deals.
10 Jul 2020 -
China's Great Wall Motors sells auto ABS with international ratings
Tianjin Great Wall Binyin Automotive Finance, the funding arm of domestic carmaker Great Wall Motors, sealed its first internationally rated auto securitization deal on Thursday. The Rmb3.37bn ($481m) deal attracted decent demand from foreign investors.
10 Jul 2020 -
ABC scores $450m in senior deal
ABC International Holdings raised $450m from a three year bond on Wednesday, thanks in part to backing from the 23 banks that ran its transaction.
09 Jul 2020
Securitization
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China's Great Wall Motors sells auto ABS with international ratings
Tianjin Great Wall Binyin Automotive Finance, the funding arm of domestic carmaker Great Wall Motors, sealed its first internationally rated auto securitization deal on Thursday. The Rmb3.37bn ($481m) deal attracted decent demand from foreign investors.
10 Jul 2020 -
BMW sails through market volatility, seals second ABS
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Great Wall Motors readies first internationally rated ABS
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BMW slashes revolving period for new China ABS outing
Loans/Equity
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SMIC’s stock soars after Star listing approved
The Hong Kong-listed shares of Semiconductor Manufacturing International Corp (SMIC) opened higher on Tuesday after the company got the nod from the Chinese securities regulator to list on the Star board.
30 Jun 2020 -
First 32 firms seek new style ChiNext IPOs
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SSE to make major changes to stock indices
Comment
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China bonds: transparency push a clear win
The Shanghai Clearing House’s decision to give bond issuers insight into the holders of their debt is a smart move. China has enough regulation; what it lacks is information.
08 Jul 2020 -
Chinese coupon cuts: A dangerous game
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China Reits are not for all
People & Markets
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China markets round-up: Credit Suisse plans full control of China JV, Sina chair proposes Nasdaq exit, former CSRC head calls for delisting reform
In this round-up, Credit Suisse is reportedly seeking a bigger share in its onshore securities joint venture, Weibo’s parent Sina Corp considers delisting from Nasdaq after two decades and the former head of China’s securities regulator said easier delistings would improve the stock market.
10 Jul 2020 -
China policy round-up: Beijing cleared of second wave of Covid-19, US sanctions officials, Trump administration looks into TikTok ban
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China equities boom hits bond prices onshore
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
