China

Chinese steel company Shougang Group Co is returning to the dollar debt market with a new five year bond, while Yuzhou Properties Company is drumming up interest for its debut senior perpetual transaction.

Panda bonds issued by non-red chip foreign names are being snubbed by Chinese investors with a home bias – an opportunity international investors should not overlook, Wilfred Wee, portfolio manager at Investec Asset Management, told GlobalRMB in a wide-ranging interview.

A leading Chinese think tank recommends regulators loosen control over the renminbi’s’ exchange rate, the China Securities Regulatory Commission (CSRC) calls for the opening up of the domestic agricultural commodity futures market, and China International Payment System (CIPS) adds four indirect participants.

Nan Fung International Holdings began marketing a new dollar bullet on Monday morning, the property developer’s second international bond this year.

Postal Savings Bank of China Co’s $7.25bn Basel III additional tier one bond from Thursday was one for the books, breaking numerous records with its size and price, while navigating around a downgrade of the sovereign.

China’s Nan Hai Corp has mandated two firms to work on a dollar-denominated deal, its third outing of the year but its first without a standby letter of credit (SBLC).

China’s downgrade by S&P caused an initial wave of surprise in the market on Thursday, but the rating change will ultimately be a non-event, despite the sovereign plotting a return to dollar bonds shortly.

European regulators are nearing a move to allow Ucits to invest in China through Bond Connect.

Rating agency S&P downgraded China's long-term sovereign rating from AA- to A+ on Thursday, stating the high levels of credit growth pose growing risks to the economy. In this lowdown, we touch on some of the key issues raised by S&P and the market reactions to the decision.

Two Chinese firms have received the National Development and Reform Commission’s approval to tap the offshore loan market for funding.

Chinese online retailer of luxury goods Secoo Holding priced its $110.5m listing of American Depository Shares on Thursday, finding favour among investors thanks to an attractive discount.

Royal Bank of Canada bagged Rmb900m ($136.57m) from its inaugural public offshore renminbi bond on Friday, making it just the third issuer to seal a dim sum bond this year.