China

Bank of Zhengzhou Co started taking bids for its first offshore additional tier one (AT1) bond on Tuesday, after picking five Chinese banks as global co-ordinators. Only two foreign names made it onto the bookrunner list despite taking the lead in almost all previous Chinese AT1s.

Yanggu Xiangguang Copper has rolled out a $100m syndicated loan with one lender leading the deal.

ANZ has promoted one of its own to head up its debt capital markets group in Asia, while adding a banker from a Chinese rival to lead the north Asia team.

Rise Education, a Bain Capital-backed language trainer, has launched a Nasdaq IPO that could be worth $154m. The deal comes hot on the heels of RYB Education’s scorching success in the aftermarket.

China’s Haier Group Corp will meet investors this week to pitch its debut dollar bond.

China Singyes Solar Technologies Holdings announced on Monday that it had mandated three banks to lead a dollar bond, eyeing a return to the market eight months after making its debut.

Fitch Ratings says China has made progress in downsizing the country’s shadow banking sector, the US Department of Commerce delays its decision over imposing tariffs on Chinese goods, and China Development Bank (CDB) loans to Africa total more than $50bn in the first half of this year.

The People’s Bank of China sticks to its neutral monetary policy, China Securities Regulatory Commission (CSRC) says it wants to build first class investment banks in the domestic market, and FTSE Russell refrains from reclassifying the Chinese A-share market as a secondary emerging market.

After a year-long barrage of regulatory intervention, Chinese corporates are re-emerging on the international deal making scene, and this time they are here to stay, writes David Rothnie.

Hong Kong-listed China Tian Lun Gas Holdings has enlisted two lenders to arrange a HK$1.25bn ($160m) five year loan, invitations for which were sent out this week.

Chinese water treatment and recycling solution provider Citic Envirotech is readying its second international dollar bond, having mandated three to arrange a roadshow from the end of this week.

Nomura has grabbed senior Hong Kong-based banker Perry Tsea from Deutsche Bank to lead its Greater China financial institutions group.