China

Standard Chartered has structured a three year dim sum bond that is backed by a floating-rate US dollar loan supported by the China Export & Credit Insurance Corporation (Sinosure).

Standard Chartered has structured a three year dim sum bond that is backed by a floating-rate US dollar loan supported by the China Export & Credit Insurance Corporation (Sinosure).

China Vanke returned to the offshore renminbi market on Monday, less than a month after making its debut. Strong demand for its debut meant the Chinese property company was able to price through its dollar curve on its latest trade.

The launch of negotiable certificates of deposits is China’s latest step towards interest rate liberalisation, and comes as a strong push to improve Shibor’s role as a credible pricing benchmark.

China Vanke returned to the offshore renminbi market on Monday, less than a month after making its debut. Strong demand for its debut meant the Chinese property company was able to price through its dollar curve on its latest trade.

Corporates may be allowed to provide cross-border guarantees for their debt deals to offer overseas investors an extra layer of protection. Yet the strategy will only work if Chinese companies gain access to their assets outside the Free Trade Zone.

The Chinese securities regulator has unveiled an extraordinary set of changes to the country’s IPO market. The market-driven direction is clear — and now looks unstoppable. But vigilance will be the key to success.

China unleashed a capital markets revolution this week as regulators transformed the environment for domestic bank funding and stock market listings. Bankers hailed the changes as among the most important in the history of the country's financial markets.

Far East Horizon returned to the offshore renminbi bond market on Wednesday to print a Rmb700m ($114m) three year deal. It more than doubled the amount it had intended to raise in response to a strong order book in what could be the last dim sum deal of the year.

Bank of Communications and Agricultural Bank of China priced debut offshore renminbi bonds in Taiwan on November 29, just days after new regulations opened up the market to mainland issuers.

When Chen Gongyan, chairman of the Securities Association of China (SAC), addressed a meeting of his senior colleagues and representatives of 37 sponsors of upcoming A-share IPOs on Monday, his message could not have been clearer. The reforms announced by the China Securities Regulatory Commission (CSRC) on November 30 were a revolution, he told the meeting, transforming the substance of the listing regime while still offering comprehensive protection for investors.