China

The proposed listing of CRCC High-Tech Equipment Corp on the Hong Kong Stock Exchange (HKEx) is gaining steam after the Kunming-based company filed its A-1 on August 6.

China's authorities are moving quickly on two sets of new guidelines, on Panda bonds and green bonds, and could be in a position to release them as early as September. A green Panda bond could follow, GlobalRMB has learned from several sources close to Chinese decision-makers.

In this round-up, RMB indicators rose in Hong Kong across deposits, trade settlement and clearing, HKEx saw a 66% month on month increase in USD/CNH futures, Macau's RMB deposits and trade settlement were also up, and China and Angola will use their national currencies for trade settlement.

The London Stock Exchange Group (LSEG) has made RMB products available across its platforms and is pushing for the currency to become just one more option available to its clients. But product innovation will only proceed as quickly as Chinese regulators' desire to open up, according to LSEG's director of international development.

Last month we noted that market-based measures of implied volatility had fallen considerably as Chinese indexes stabilised, developed market equities moved toward recent highs and commodity selloffs were contained. Two weeks later, we find that volatility risk premiums have fallen further in most cases, as traders price in less risk during a seasonally quiet period.

CME Group has agreed to enter into a joint venture with China Foreign Exchange Trade System and National Interbank Funding Center (CFETS), in a move that positions it to open up CNY denominated markets to foreign investors.

Asian Development Bank has placed its first private medium term note in renminbi, joining a swell of offshore renminbi MTNs in the past month.

Despite a flying start to bookbuilding, the HK$11bn ($1.4bn) IPO of China Railway Signal & Communication Corp (CRSC) in Hong Kong eventually succumbed to the turmoil in China’s stock market, forcing it to price at the bottom of the range on August 1.

Asia's high yield bond market finally saw some overdue activity over the past week, with four deals pricing. But the sector is by no means invincible — eHi Car Services had to pull a deal amid tepid demand. But despite that setback, bankers are confident of printing more deals through the summer, writes Narae Kim.

Yuexiu gets two for Shanghai tower acquisition loan — Healthy demand for Dongfeng Peugeot loan — ONGC Videsh sounds lenders for refi

Standard Chartered has hired a former banker from Royal Bank of Scotland as its new head of Greater China debt capital markets.

The International Monetary Fund (IMF) has not announced any delay to its decision on whether to include the renminbi in its Special Drawing Rights (SDR) facility. Is that clear enough for everyone?