China

Alibaba Group Holdings has wound up its latest five year bullet at an increased size of $4bn after attracting robust demand during general syndication.

Chinese state-owned Jiangxi Copper Co has secured the go ahead from the State-owned Assets Supervision and Administration Commission (SASAC) for A-share and H-share private placements.

Tianjin Rail Transit Group (TRT) is set to sound out offshore debt investors for its debut international bond and has mandated banks for the deal.

China’s currency was approved to become the fifth member of the IMF’s special drawing rights (SDR) basket of currencies last November. While the new basket only becomes effecting in October 2016, China’s central bank has been campaigning worldwide for a greater role for the IMF’s unit of accounting, with the RMB set to benefit from the strategy.

Fantasia Holdings Group launched a three year dim sum this morning in a deal that reopens the high yield offshore RMB bond market for Chinese issuers for the first time since August.

China Construction Bank plans to begin trading derivatives and bonds in Singapore, having teamed up with Singapore Exchange to promote the island state’s capital markets to Chinese companies.

In perhaps another sign that there will soon be an announcement on the Shenzhen-Hong Kong Stock Connect, China Exchanges Services Company (CESC) has said its cross-border equity index will be revamped to include shares from the Mainland’s second stock exchange.

China Renaissance has been given the thumbs up to set up a Mainland securities joint venture by the China Securities Regulatory Commission (CSRC).

An overzealous pricing strategy and a divisive credit rating meant JD.com’s debut dollar bond offering did not get off to a good start with the notes widening significantly in the secondary market on Monday.

Paediatric nutrition company Biostime has signed up one lender to arrange a $450m take out of a bridge loan raised last year for the acquisition of Swisse Wellness.

Ford Auto Finance (China) returned to the auto ABS market last week with a Rmb2.98bn ($458m) offering that allowed it to cut its funding costs by 30bp.

China International Capital Corp (CICC) and Bank of Chongqing are prepping for their respective bonds in the offshore or onshore debt markets.