China

China Development Bank (CDB) reopened a dual-currency transaction on Wednesday, bagging a $2bn equivalent from the euro and dollar tap. With strong demand from onshore investors, the policy lender was able to cut cost while raising more than the size of the original bond.

China got its first taste of domestic green bonds this week with Shanghai Pudong Development Bank printing a massive Rmb20bn ($4.3bn) transaction that was well received by the market.

The renminbi's acceptance into the IMF Special Drawing Rights (SDR) basket and Chinese initiatives such as the Asian Infrastructure Investment Bank, are leading to a new monetary order, according to speakers at the Asia-Global Dialogue 2016 conference, held in Hong Kong on January 28.

South Korea’s Kookmin Bank is looking to price its second covered bond on Thursday, while HNA Group is out to tap its existing dollar notes that were issued two months ago.

Postal Savings Bank of China has picked five banks to lead its listing, which could raise as much as $15bn to become the largest IPO in Hong Kong in five years.

China’s Panda bond market has been on a tear since it reopened last year with sovereign names, big banks and corporates selling deals. But recent mixed messages from regulators means the market is now in urgent need of formal rules as two major banks are joining the growing pipeline of deals.

The Asian market finally saw some signs of activity on Wednesday with China Development Bank and Vista Land & Landscapes opening taps for their respective dollar bonds.

Panda bonds were thrust back into the limelight when the market was reopened by China in 2015 with many high profile issuers lining up to sell deals. But what are Panda bonds and why should you care? Here’s GlobalRMB’s quick guide to all you need to know.

The Monetary Authority of Singapore (MAS) has published a substantially revised set of data on Singapore’s RMB deposit pool, showing RMB liquidity was lower by as much as 27% than previously stated.

The Chinese property sector has once again found itself in the headlines for the wrong reasons with Future Land Development Holdings saying on Friday that its chairman was being investigated by the authorities. While there was the inevitable bout of panic selling, the short time it took for things to stabilise shows a maturing market that is fast getting used to the complexities of the industry.

China Railway Rolling Stock Corp unveiled a rare H-share convertible bond on Monday, raising $600m with what is only the second deal in the format in nine years.

Beijing Hyundai Auto Finance is set to make its mark on the Chinese auto ABS sector for the first time with its Rmb1.5bn ($228m) Autopia China 2016-1 Retail Auto Mortgage Loan Securitization Trust.