China

China Aoyuan Property Group raised a larger than planned $225m from a tap of its existing note on Monday, but had to pay up for the transaction. A Chinese local government financing vehicle (LGFV), on the other hand, fell short of its size expectation.

RMB assets remain unpopular as a result of policy uncertainty and the country’s trade surplus, said market participants at the HKEX RMB Fixed Income and Currency conference on Tuesday, who reckoned this shortfall is limiting the potential of RMB internationalisation.

Shares of China Resources Cement Holdings tumbled at the open on Tuesday following an overnight equity block trade that was done at a 10% discount and raised HK$4.2bn ($533.4m).

China Railway Construction Corp’s board has approved the spin-off of its heavy industry arm through an IPO in Hong Kong.

Hong Kong Exchanges and Clearing (HKEX) is planning to formally re-launch a futures contract for Chinese treasury bonds (T-bond), after piloting the product last year, Charles Li, chief executive of the bourse, told the HKEX’s RMB Fixed Income and Currency Conference on Tuesday.

The Asian debt market is set for a modest week in terms of primary issuance volume, as more borrowers continue to engage with investors even after completing roadshows.

CCB International, a subsidiary of China Construction Bank Corp, has returned to the offshore loan market after a three-year absence for a $500m deal.

The banking and insurance regulator moves to level the playing field for international banks, Xiaomi publishes its prospectus for the inaugural China Depository Receipt (CDR) listing, Shanghai Stock Exchange (SSE) and Luxembourg Stock Exchange (LuxSE) launch an information sharing system for onshore green bonds.

Strong investor demand for Export-Import Bank of Korea’s renminbi credit took the issuer back to the Formosa bond market on Thursday for a Rmb1.5bn ($234.8bn) outing. The transaction came just over three months after the policy bank sealed a public deal in the same market.

An asset manager lists ETF tracking onshore Chinese treasury and policy bank bonds, Schroders launches private fund in the mainland to target the domestic equity market, and China’s foreign exchange reserves shrink by 0.46%.

The banking and insurance regulator publicises performance of controlling the trust sector’s fast growth, FX watchdog’s chief reiterates the need to forestall risk when opening up China’s capital account, and officials name internet security as a key plank in their policy programmes.

HSBC has named Sean Henderson and Sean McNelis as co-heads of debt capital markets, Asia Pacific, with immediate effect, according to a memo seen by GlobalCapital Asia.