China

Property developer China Evergrande Group sold another $1bn bond last Friday, hitting the market just a week after a bigger $1.5bn outing.

Renminbi denominated gold futures contracts will be available on Hong Kong Stock Exchange (HKEX) for the first time in June 2017, Charles Li, the bourse’s CEO, said on Monday. Li also signalled that more Connect schemes will emerge after Bond Connect, and that southbound volumes have plenty of room to grow.

High-end solar panel maker REC Solar has approached lenders in Asia for the first time, as it looks to raise up to $330m.

China Renaissance Group and ICBC International Holdings this week unveiled a partnership to provide financial services across mainland China, Hong Kong and the US.

Chinese issuers Fujian Yango Group and Tewoo Group Co, alongside Fullerton Healthcare Corp from Singapore, are wooing investors for their respective dollar bonds with roadshows set to take place this week.

KEB Hana Bank and Huantaihu International Investment Co ventured out to the dollar debt market on Monday morning, as 10 year US treasury yields slid to 2.37%.

Russia’s renminbi ambitions got a big boost from the appointment of a clearing bank in September 2016 and the first Panda bond by a Russian corporate earlier this month. In a Q&A with GlobalRMB, the Central Bank of Russia says that all the technical preparations are complete for the Finance Ministry to issue its first RMB bond in Moscow — which would inaugurate a new market for so-called ‘Baikal’ bonds.

People’s Bank of China (PBoC) governor claims the end of quantitative easing is near, transaction volume in Chinese foreign exchange market was close to Rmb20tr ($2.9tr) in the first two months of 2017, and Hong Kong Stock Exchange (HKEX) plans to launch five-year Chinese treasury futures.

This week, the head of the state administration of foreign exchange (Safe) criticised Chinese companies’ overseas acquisition choices, 13 countries joined Asian Infrastructure Investment Bank (AIIB) and ICBC Moscow started offering RMB clearing services.

Emperor International Holdings, Xinjiang Guanghui Industry Investment (Group) Co and Zhuhai Huafa Group Co sealed new dollar deals on Thursday, going into their respective transactions with books fully covered.

In its latest consultation on A-shares, MSCI has overhauled its plans with a proposal that would see Mainland stocks make up just 0.5% of its Emerging Market index. While the new scheme increases the chance of A-share inclusion, it could be too little and too late for investors.

You know who won, now find out why. GlobalCapital Asia and Asiamoney present the extended results of our 2016 China Deals and Investment Bank of the Year awards, recognising achievement both on and offshore.