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GC Asia
GlobalCapital China
Companies line up for follow-ons as CSRC loosens rules
The Chinese regulator’s decision to loosen rules around follow-on offerings in the domestic market has been met with a resounding vote of approval from corporations.
09.45 AM
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Asia - Leveraged/non-investment grade
Powerlong seeks refi loan through ICBC Macau
China’s Powerlong Real Estate Holdings is returning to the international loan market to refinance some of its debt, mandating one bank to helm the outing.
07.45 AM -
Asia - High Grade
Investors lap up Chinese corporate bonds
Citic, Yango Group Co and Kunming Industrial Development and Investment Co were the three Chinese issuers that tapped bond investors for new dollar deals on Tuesday.
07.45 AM -
Bonds
Peking Founder creditor demands restructuring
One of Peking University Founder Group Co’s creditors has applied to a Chinese court for a restructuring of the company, which defaulted on a Rmb2bn ($285m) domestic bond at the end of last year.
07.45 AM
Bonds
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Investors lap up Chinese corporate bonds
Citic, Yango Group Co and Kunming Industrial Development and Investment Co were the three Chinese issuers that tapped bond investors for new dollar deals on Tuesday.
07.45 AM -
Peking Founder creditor demands restructuring
One of Peking University Founder Group Co’s creditors has applied to a Chinese court for a restructuring of the company, which defaulted on a Rmb2bn ($285m) domestic bond at the end of last year.
07.45 AM -
Local governments resume bond issuance amid outbreak
Local government bond issuance in China had a record start in 2020, until the coronavirus outbreak put a dent in the pace of deals. But funding plans announced by a number of provinces this week could signal a revival in the market.
18 Feb 2020
Securitization
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BMW prepares first auto loan ABS of 2020
BMW Automotive Finance is readying a Rmb8bn ($1.15bn) dual-tranche auto loan ABS transaction. The deal, to be sold on February 20, will be the first auto ABS outing in the Chinese market since the Lunar New Year.
14 Feb 2020 -
Toyota opens gate for new China auto ABS issuance
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GlobalCapital China 2019 awards winners: Part II
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Chinese ABS market set to expand after 2019 surge
Loans/Equity
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Companies line up for follow-ons as CSRC loosens rules
The Chinese regulator’s decision to loosen rules around follow-on offerings in the domestic market has been met with a resounding vote of approval from corporations. In just three days, 28 companies have announced plans to tap the equity capital market.
09.45 AM -
MSCI includes Star name in latest quarterly review
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Roborock scores highest listing price on record in China
Comment
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China needs to get going on TLAC bonds
Crédit Agricole bagged a total loss-absorbing capacity eligible senior preferred Panda bond in China last week — the first of its kind onshore. But the confusion it created shines a light on a market that is still in dire need of education around these new structures. With Chinese banks set to come under pressure soon to issue their own TLAC-eligible bonds onshore, rapid change is needed before time runs out.
10 Dec 2019 -
How foreign securities houses should enter China
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China DCM scores: decent idea, poor execution
People & Markets
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Companies line up for follow-ons as CSRC loosens rules
The Chinese regulator’s decision to loosen rules around follow-on offerings in the domestic market has been met with a resounding vote of approval from corporations. In just three days, 28 companies have announced plans to tap the equity capital market.
09.45 AM -
Oaktree Capital registers wholly owned unit in Beijing
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PBoC cuts MLF rate with lower LPRs to follow
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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Safe eases onshore FX derivs hedging for foreign investors
The State Administration of Foreign Exchange (Safe) will allow foreign investors to participate directly in the interbank FX derivatives market so they can hedge their foreign exchange risks from investing in onshore renminbi bonds, according to a Monday notice.
14 Jan 2020 -
SGX partners up for Belt and Road indices
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Chinese T-bond futures ready for comeback, says Li
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
