China

Industrial Bank is set to test investor appetite for its maiden dollar offering after setting up a new medium term note programme and mandating firms for a transaction.

The State Administration of Foreign Exchange (Safe) revised the rules for RMB qualified foreign institutional investors (RQFII) seeking quotas, making allowances proportional to overall assets. In addition, all official institutions can now invest under RQFII with no quota limits, the regulator announced on September 5.

The CNY steepening move is continuing but expected to meet resistance soon. China's bond market faces joint regulation from PBOC and CSRC. ICBC is planning a dim sum bond issue, writes Deirdre Yeung of Total Derivatives.

China Huarong Asset Management is preparing to return to the debt market, mandating firms for a perpetual Reg S offering.

The Central American Bank for Economic Integration (Cabei) found plenty of suitors in the Formosa bond market, sealing a Rmb1bn ($150m) offering on Friday, its second deal in a week.

Gridsum Holdings, which recently filed for a listing on the Nasdaq, is testing investor appetite for the $75m-$100m transaction.

Xi'an Municipal Infrastructure Construction Investment Group Corp made an unusual move by coming to the bond market on Friday when investors were waiting for non-farm payroll numbers. But thanks to strong indications of interest, the trade got away successfully.

ICBC Standard Bank has hired Vikram Khanna as head of advisory, a newly created position.

Russian development institution Vnesheconombank signed a Rmb10bn($1.5bn) loan from 10 Chinese banks at the Eastern Economic Forum in Vladivostok this week.

Xi'an Municipal Infrastructure Construction Investment Group Corp is seeking dollar funding, becoming the latest Chinese local government financing vehicle to hit the bond market.

In this round-up, a third batch of free trade zones (FTZs) get set to be rolled out soon, Hong Kong RMB deposits reach a three-year low, and the RMB qualified foreign institutional investor (RQFII) scheme adds two in Singapore. Plus, a recap of GlobalRMB's stories this week.

The People’s Bank of China, in collaboration with six other government agencies, has put green financing in the spotlight, releasing guidelines for the establishment of a green financial system.