China

Five years after its launch, GlobalRMB has now rebranded as GlobalCapital China. But while our name has changed, our coverage focus has not.

Rising defaults by Chinese firms onshore have triggered sell-offs in numerous parts of the dollar bond market over the past few weeks. But international investors appear too complacent about the health of some of the largest debt issuers from the mainland. More scepticism is needed.

John Lee will become sole head of Greater China global banking at UBS next year, after co-head Xuewen Bi steps down from his day-to-day managerial job.

The China Securities Regulatory Commission (CSRC) is adding 23 new members to its IPO review committee, almost a year after severely cutting the membership.

Chinese provincial lender Bank of Guizhou kicked off bookbuilding for its Hong Kong IPO on Monday, seeking HK$5.7bn ($736.8m) from the deal.

Powerlong Commercial Management Holdings launched the roadshow for its HK$1.5bn ($193m) IPO on Monday. The property management company is being spun off by Powerlong Real Estate Holdings.

French water and waste management and energy services company, Veolia Environnement, bagged Rmb1.5bn ($215m) from a private placement Panda bond issuance last Friday.

In this round-up, the US and China set terms for the phase one trade deal, Chinese industrial production grew more than expected and the People’s Bank of China will sell Rmb10bn ($1.43bn) of bills in Hong Kong this week.

Excellence Commercial Properties Co netted $100m from an offshore bond sale last Friday.

In this round-up, US president Donald Trump reportedly signed the phase one trade deal on Thursday, China concluded the Central Economic Work Conference and the Mainland government is set to turn Macau into a financial hub with new policies.

Asian leveraged finance bankers are having a busy year-end, with Chinese companies coming to the loan market for funds to support their acquisitions.

In this round-up, surging pork price drove China’s consumer price index (CPI) up again, new loans growth beats market expectation and the Mainland has revealed plans to shake up the country’s natural gas market.