China

US president Donald Trump takes to Twitter to clarify trade deal with China is not imminent, likely delaying planned trade talks, Hong Kong Exchanges and Clearing defers Stock Connect investor ID due to super typhoon, and index provider FTSE Russell will announce its A-shares decision on September 26.

China Construction Bank raised S$300m ($219m) through its Singapore branch on Thursday, opting for a two year tenor to offset rising funding costs since its debut in the currency last year.

A keepwell structure that offered a premium of around 50bp to investors allowed JIC Leasing, a subsidiary of China Jianyin Investment (JIC), to raise its full $500m regulatory quota on Thursday.

China Everbright Bank Co continued its push to reach more European debt investors this week with its debut green dollar bond, raising $300m.

Chinese property company Sichuan Languang Development Co has added $250m to its coffers from a two year bond that offered one of the juiciest yields for an Asian deal this year.

Fortune Oil PRC Holdings has boosted its borrowing to $430m after attracting 10 participants during syndication.

Cifi Holdings (Group) Co raised Rmb1bn ($145.7m) on Thursday from its maiden offshore renminbi bond.

In this markets round-up, international crude oil futures gain traction with global investors, index provider FTSE Russell will announce its decision on A-shares soon, and the Singapore Exchange (SGX) saw surging volumes of CNH futures contracts in August.

In this policy round-up, the People’s Bank of China revealed plans to fix its bond rating industry, state-owned entities remain a driving force in onshore equities performance, and Moody’s says the dollar is unlikely to be challenged as a global reserve currency any time soon.

China Renaissance, the boutique investment bank founded by Fan Bao, is bookbuilding for a Hong Kong IPO to raise around HK$3bn ($377m).

Hong Kong and Shanghai-listed Huatai Securities is seeking shareholder approval to spin-off AssetMark Financial Holdings through an IPO in the US.

Asia’s Basel III compliant additional tier one market is set for a turnaround after a quiet year, following Bank of China (Hong Kong)’s $3bn issuance this week. As the pipeline builds up, bankers are predicting a pick-up in deal flow as early as next month, writes Addison Gong.