China

Chinese metals exchange operator Yintech Investment Holdings has opened books for its US IPO that could raise $109m, a source with knowledge of the deal told GlobalCapital Asia.

Bond investors had little concern on buying Yunnan Provincial Energy Investment Group’s tightly priced debut bond this week, despite the structure of the notes being weaker than the one sold by parent Yunnan Provincial Investment Holdings Group (YIG) last month.

Hong Kong Exchanges and Clearing plans to add to its suite of renminbi currency futures this quarter.

South Korea has been one of the most active Asian equity capital markets in 2016 with high expectations that IPO volumes this year will be its largest on record. The figures are reassuring, but the KRX appears hell bent on wooing southeast Asian issuers to its stock exchange. Focusing on its strengths instead would be far more fruitful.

Negative interest rate policies are pushing central banks to invest in emerging markets assets and currencies, according to a new survey sponsored by HSBC. The RMB, in particular, has seen a rapid growth in popularity over the past few years.

China Aoyuan Property Group made light work of jittery market conditions on Monday with an extremely popular $250m bond that was more than seven times covered by asset-hungry investors.

Chinese online e-commerce company JD.com is set to embark on a roadshow ahead of its very first offshore outing this month.

Chinese technology firm Tencent Holdings is holding conversations with banks for a loan of about $1.5bn, just four months after wrapping up a chunky fundraising.

The Shanghai Clearing House (SHCH) is planning to establish a Shanghai Free Trade Zone (FTZ) bond market. The bonds will be denominated in offshore renminbi and sold to offshore investors, several sources close to the initiative have told GlobalCapital Asia's sister publication GlobalRMB.

Yunnan Provincial Energy Investment Group is on track for its first dollar bond while the Export-Import Bank of China (Chexim) has opted for a dual-currency, triple-tranche offering for its return.

The Dubai Gold and Commodities Exchange (DGCX) is moving forward with plans to broaden its China offering with equity futures for mainland companies. Meanwhile, Bank of China Hong Kong (BoCHK) has received approval to open a branch in Brunei, the first for a Chinese bank.

Law firm Norton Rose Fulbright has added Paul Wee Ei Don as a banking and finance partner in Beijing.