China

Chinese onshore bonds are eligible to join the Citi Fixed Income Indices for the first time, the bank said this week. This follows last week’s publication of new guidelines by the State Administration of Foreign Exchange (Safe), which opened the door to foreign investors trading FX derivatives onshore.

Tsinghua Unigroup, part of Chinese state-owned Tsinghua Holdings, is set to sign its debut international loan at $701m — more than twice the launch size of $300m.

Chinese firm Inner Mongolia Energy Engineering Co is vying for approval to list in Hong Kong, according to a filing on Monday.

Indian film maker and distributor Eros International has launched its maiden dollar bond with books building quickly during the Asia morning, as it competes with Export-Import Bank of China.

Gome Electrical Appliances Holdings became the first Hong Kong-listed consumer electronics retailer to sell dollar bonds, bagging $400m from a tightly priced but popular deal last Friday.

Singapore-listed commodities company Noble Group, ICBC International and China SCE Property Holdings were out of the gates on Monday morning for new dollar outings, coming before a widely expected Federal Reserve rate hike this month.

China Huiyuan Juice Group is tapping the offshore market for a €150m three year amortising term loan, about a year-and-a-half after making its international debut in the currency with a bond.

The National People's Congress changed its tone on FX reform, spot markets strengthen at the start of the week, and the China Securities Regulatory Commission (CSRC) continues to push for MSCI's inclusion of A-shares in global indices.

China South City Holdings raised $300m on Thursday in a deal that was described as relatively straightforward, thanks to the fact that the property developer has already established a debt curve.

China Reinsurance (Group) Corp and China Cinda Asset Management Co ventured out on a busy Thursday with their respective five year prints that saw investors stand firmly by their sides. The two took a combined $3.8bn.

Gome Electrical Appliances Holding opened books for a benchmark-sized Reg S debut trade on Friday morning via sole bookrunner Barclays.

In this round-up, Hong Kong’s RMB deposits dropped to a near six-year low, the Mutual Recognition of Funds scheme saw meagre flows to Mainland and Hong Kong funds, and the Stock Connect had a surge in net purchases in February. Plus, a recap of our stories this week.