China

Chinese online auto trading platform Cango is looking to raise up to $300m from an IPO on the New York Stock Exchange.

US president Donald Trump is looking into more vetting for Chinese investments in US technology firms, the People’s Bank of China prepares for another liquidity injection, and the Chinese exchange for small and medium enterprises opens up to foreign investors under two inbound investment schemes.

China's Zhenro Properties Group opted for a slightly unusual bookbuilding process for its debut public dollar transaction, paying a yield of 11.5% for a two year bond.

DBS's Singapore-based syndicate banker Cleaven Yu is set to head up a new debt capital markets origination team in Shanghai from next month.

Commitments from a 15-strong syndicate group has allowed China’s Kingboard Chemical Holdings to increase its loan to HK$7bn ($892m) from HK$6bn.

ICBC International Holdings' Thursday outing drew attention in both the primary and secondary markets. Its $700m floating rate note transaction captured a $5bn-plus book at its peak, with the bond then trading 8bp-10bp tighter in the aftermarket.

In this round-up, US and China go tit-for-tat in trade war, a federation of Belt and Road exchanges is on the way, and Saxo Bank launches Stock Connect offering.

HSBC has named Hemant Lodha as head of the financing solutions group, debt capital markets, Asia Pacific, with immediate effect, according to a memo seen by GlobalCapital Asia.

Fixed income investors should be better prepared for a trade war between the US and China, according to Arvind Rajan, managing director and head of global and macro at PGIM Fixed Income.

Equity markets in Asia went into a tailspin on Tuesday after trade tensions between the US and China ratcheted up. While the region’s bourses found some support in the following days, more disruption is probably on the way. Rashmi Kumar reports.

CMB International Capital Corp is slowly but steadily gaining ground in Asia’s bond market with a new — and fast growing — debt capital markets team in place. But what will it take for CMBI to be a real competitor to both international and other Chinese firms? Morgan Davis finds out.

Thunder Bridge Acquisition began trading on the Nasdaq this week after sealing a $230m IPO. It is the first special purpose acquisition vehicle (Spac) to focus purely on China’s financial technology sector.