China

China’s Maoyan Entertainment has changed the timetable of its HK$2.7bn ($344.2m) IPO and roped in three new cornerstone investors, including smartphone giant Xiaomi Corp.

Country Garden Holdings (CoGard) raised $1bn from a two-part deal, hitting its size goal and finding the money it needs to refinance some of its maturing debt.

CMB Wing Lung Bank, the Hong Kong-based subsidiary of China Merchants Bank, has printed the year's first Basel III-compliant additional tier one note from Asia, taking $400m from a deal that was priced well inside analysts’ view on fair value.

BOC Aviation took advantage of upbeat market conditions to raise $500m from a quick drive-by transaction.

Mainland firm Changsha Broad Homes Industrial Group has set the ball rolling for a Hong Kong IPO, submitting a draft prospectus to the bourse.

In this round-up, China's money supply grew 8.1% in December, USDCNH futures trading on the Singapore Exchange (SGX) jumped thanks to renminbi volatility, and FTSE Russell launched a new index series tracking Chinese green bonds.

China Development Bank has made a rare visit to the public Hong Kong dollar bond market, raising HK$4.3bn ($548m) from a triple-tranche floating rate transaction that included a 10 times covered decade-long note.

In this round-up, Liu He will visit the US at the end of this month, Pan Gongsheng spoke at the China Bond Market International Forum and Bank of China plans to issue the first perpetual bonds in the domestic market.

Investors in Hong Kong, Singapore, and the US can now begin to trade onshore Chinese bonds through Bloomberg terminals. The new access channel should slowly boost liquidity in China’s secondary bond market, said onshore bankers.

China-based Maoyan Entertainment, best known for its online movie ticketing platform, kicked off bookbuilding on Friday for a HK$2.7bn ($344.2m) IPO.

The big three international rating agencies have all registered with Chinese regulators so they can join the country’s onshore credit rating industry, but none have started operations yet. Rebecca Feng investigates the reasons behind the holdup.

Seguchi, Su succeed Koder as BAML co-presidents — QFII quota doubled ahead of index inclusions — China high yield faces a tough year