China

China Jinmao Holdings has launched a HK$4bn ($509m) loan into syndication through a group of lenders that include the country’s big four state-owned commercial banks.

Fully investment grade rated China Vanke Co had a good run in the international debt market on Wednesday when compared to its real estate peers this week, raising $971m from a five year bond.

Chinese photovoltaics company Daqo New Energy Corp is looking to raise up to $112m from a follow-on offering of American Depository Shares (ADS).

Bank of China has priced bonds denominated in US dollars, euros and Australian dollars worth $3bn-equivalent, with another two tranches in New Zealand dollars set to be priced on Wednesday. The deal, sold under different branches of the bank, reflects the relentless bid for floating rate notes (FRNs).

China SCE Property Holdings and Powerlong Real Estate Holdings paid up to complete their dollar bonds on Tuesday, but the new issue premiums were widely expected by bankers.

Chinese conglomerate Sinochem Group has hired a seven-strong syndicate team to run the Hong Kong IPO of its oil assets, according to a banker on the mandate.

Chinese white goods maker Qingdao Haier said on Tuesday that it plans to float up to 400m D-shares on the Frankfurt-based China Europe International Exchange (Ceinex).

China unveiled a slew of measures to open up its financial markets this week, including providing a timeframe for removing caps on foreign ownership in the financial sector and bumping up daily trading quotas on Stock Connect. The reforms come as trade tensions between the Mainland and the US intensify, writes Noah Sin.

Logan Property Holdings Company sold its first Singapore-dollar denominated bond on Tuesday to support its growing presence in the country, raising a larger-than-expected S$200m ($152.6m). The deal is the first in the currency from a Chinese real estate name in almost four years.

Baidu-backed online platform Qeeka Home is hoping to raise around $400m through a Hong Kong IPO, according to bankers close to the situation.

There appears to be no stopping logistics company GLP, which is gearing up for a new Rmb1.2bn ($190.3m) Panda bond transaction, its third outing in as many weeks.

Industrial and Commercial Bank of China raised $1.2bn on Monday from two floating rate notes (FRNs) issued through its Singapore branch, getting ahead of peer Bank of China which kicked off a jumbo Belt and Road-related transaction.