China

Standard Chartered Bank (Hong Kong) has unveiled the syndicate for its special drawing rights-denominated bond.

JP Morgan is looking to sell its stake in its China joint venture with First Capital Securities, which began operations in 2011.

China Great Wall Asset Management Corp launched its dual-tranche offering on Thursday morning.

Yuzhou Properties Co’s latest bond had a bumpy ride this week as it struggled to garner interest for a longer tenor and one of its joint global co-ordinators dropped out.

ZTO Express and Samsung BioLogics are seeing bumper responses for their jumbo IPOs in the US and South Korea respectively, as bankers expect their bookbuilds to gain even more momentum.

Huai’an Traffic Holdings, the local government financing vehicle (LGFV) for the Huai’an municipal government, has locked in $300m from its inaugural international offering as investors put faith in the issuer’s strong link to the Jiangsu province.

Plans abound to connect China’s bond market with offshore counterparts but they have had little success until recently. Now Russia’s National Settlement Depository (NSD) is close to launching a link in the first half of 2017, Eddie Astanin, chairman of the executive board, told GlobalRMB.

Malaysia’s CIMB Group and China Galaxy Securities Co said they are in talks to form a 50:50 joint venture for their stockbroking operations.

Chinese ABS buyers are gearing themselves up for a rare visit from Toyota. The company’s China auto leasing arm is poised to launch a Rmb3bn ($445m) offering this week following a more than two year absence.

Industrial and Commercial Bank of China’s New York branch decided to scrap a 10 year portion of a dual-trancher on Monday, as mismatch on pricing led to investors shunning the tenor in favour of a five year.

China Universal Leasing, which had initially invited banks to a Rmb1bn ($150.5m) onshore loan, is considering boosting the size of the facility following a good response during syndication.

China Great Wall International Holdings III and Bank of Communications Financial Leasing Co are preparing to hit the road for their respective senior unsecured dollar offerings.