China

Chinese firms Shandong Hi-Speed Group Co (SDHS) and Suzhou Dongshan Precision Manufacturing Co have laid out plans for their respective international bonds.

Bank of Chongqing Co is meeting fixed income investors this week to gauge their appetite for an additional tier one dollar bond, as it sets its sights on raising up to Rmb5bn ($755m) equivalent.

In this round-up, China’s Politburo meets to discuss the policy priorities for 2018, Shenzhen Stock Exchange in talks over ETF Connect, and HSBC expands its A-shares coverage from its onshore securities joint venture.

Two borrowers from the Shandong province in China used different approaches to woo dollar investors to their deals on Thursday, with one going for a rare structure and the other opting to anchor its issuance.

China Citic Bank sold its first senior unsecured dollar bond on Thursday, executing the four tranche floating-fixed combination deal in a club style fashion.

Wuhan State-Owned Asset Management Company (WSAM) and Hefei Industry Investment Holding (Group) Co added to the recent issuance momentum from Chinese local government financing vehicles, with each printing $300m bonds on Thursday.

Nine banks have formed the syndicate for a HK$1.25bn loan for Hong Kong-listed China Tian Lun Gas Holdings.

Two Chinese government-owned entities, Chengdu Communications Investment Group Corp and Qinghai Province General Aviation Group Co, priced their dollar bonds on Wednesday, but opted for very different tenors — the former a 10 year and the latter 363 days.

China's foreign exchange reserves expanded for the tenth month running, gold futures on the Hong Kong Exchange (HKEX) set a new record, and Aberdeen Standard Investment nabbed a private fund management licence.

Industrial and Commercial Bank of China sold a dual-tranche floating rate transaction on Wednesday, getting significant interest from western accounts as it used its London arm as the issuing vehicle.

China Citic Bank Corp rolled out a four-tranche transaction on Thursday after a roadshow spanning Hong Kong, Singapore and London. Meanwhile, India’s ICICI Bank is marketing a 10 year bullet through its Dubai branch.

Four Chinese corporate issuers Wanda Holding Group Co, Shandong Iron & Steel Group Co, Hefei Industry Investment Holding (Group) Co and Wuhan State-Owned Asset Management Company are fighting for investors’ attention on a busy Thursday in the primary bond market.