China

Shangrao City Construction Investment Development Group (SCID) has grabbed $300m from its debut international bond in the quiet December market.

China is to launch its first national carbon trading scheme, a move that could ultimately bring closer the introduction of a global, interconnected carbon market. But experts said the scope and impact of the scheme would be limited at first.

Offshore renminbi liquidity could get a shot in the arm as Shanghai Clearing House (SHCH) joins hands with R5, a London-based FX platform, to create a link between the FX markets in the UK and China. The move is also set to widen Chinese banks’ access to global currencies.

Chinese technology company JD.com has doubled its maiden offshore loan to $1bn, thanks to commitments from 18 lenders during primary syndication.

Jiayuan International Group tapped equity investors for the second time in six months, raising HK$1.4bn ($181.4m) in new capital after its share price nearly doubled.

Shangrao City Construction Investment Development Group (SCID) launched its dollar debut on Tuesday morning, while Jiaxing City Investment and Development Group Co kicked off a roadshow for its maiden deal.

Hong Kong-listed China Mengniu Dairy has won regulatory approval to tap the Panda bond market for the first time, and is seeking as much as Rmb15bn ($226.7m) from short and medium term notes.

China Everbright Bank has appointed CICC as the lead financial adviser and placing agent for an H-share placement that could be worth around HK$21bn ($2.7bn).

UK and Chinese officials press ahead with London-Shanghai Stock Connect, China tops the October league table of foreign holders of US Treasuries, and Bank of China opens a new branch in Qatar.

China Logistics Property Holdings Co (CNLP) grabbed $100m on Friday from its second tap of a bond sold earlier this year.

Three Asian issuers, China Fortune Land Development Co, Luso International Banking and Shandong Hi-Speed Group Co, sold their inaugural bonds on Thursday, taking home $1.15bn between them.

British and Chinese officials consider launching a bond link between the two countries, Hong Kong and National Development and Reform Commission (NDRC) sign agreement to promote the city’s participation in the Belt and Road Initiative (BRI), and Man Group sets up the first fund under its private fund management (PFM) licence.