Greater China

In this round-up, surging pork price drove China’s consumer price index (CPI) up again, new loans growth beats market expectation and the Mainland has revealed plans to shake up the country’s natural gas market.

Ping An Group subsidiary OneConnect Financial Technology has raised $312m from a listing of American Depository Shares (ADS) after trimming and then increasing its IPO.

Chinese property developer Hydoo International Holding has priced new notes as part of an exchange offer, issuing $193.5m of two year bonds that include around $82m of new money.

Chinese residential developer Zensun Group bagged $120m from a tap of its debut bond on Thursday, launching the deal on the back of plenty of anchor support.

I don’t often write rave tributes about high profile people but Paul Volcker warrants one this week.

Taiwanese banks are increasingly getting sign-offs for larger commitments for loans from southeast Asia, India and Australia, as well as for lower priced deals and longer tenor transactions from these regions. This is as Taiwan’s lenders continue to step away from Chinese borrowers, writes Pan Yue.

Dongying Fangyuan Nonferrous Metals and Dongying Lufang Metals Material have stopped the syndication of a $300m loan.

The Chinese local government financing vehicle (LGFV) sector ran into some trouble this week, causing a sell-off in the secondary market and a primary deal to be pulled. The fallout from the events could lead to a challenging start to 2020, writes Addison Gong.

After a bruising year for Hong Kong’s stock markets, investor sentiment has rebounded in recent weeks. There is renewed optimism among fund managers, which is fuelling interest in the SAR’s ECM deals as 2019 draws to a close. Aidan Gregory and Jonathan Breen report.

Hebei-based steelmaker HBIS Group raised $300m from a bond this week ahead of an April maturity. It hit the market when investor confidence was shaken by recent and upcoming defaults from China.

OneConnect Financial Technology Co, a unit of Chinese conglomerate Ping An Group, reduced the size and price range of its New York Stock Exchange listing on Wednesday, a day before it was to be priced.

Chinese state-owned commodities trader Tewoo Group has announced the final results of its offshore debt restructuring, with investors accepting losses on their principals or facing delayed repayments up to 2039.