Greater China

Investors in Hong Kong, Singapore, and the US can now begin to trade onshore Chinese bonds through Bloomberg terminals. The new access channel should slowly boost liquidity in China’s secondary bond market, said onshore bankers.

China-based Maoyan Entertainment, best known for its online movie ticketing platform, kicked off bookbuilding on Friday for a HK$2.7bn ($344.2m) IPO.

Hong Kong-listed Lenovo Group has given Asia its first real taste of equity-linked issuance for the year. The firm raked in $675m from its debut convertible bond (CB) after a flood of investors turned out for the deal, and as bankers gear up for more issuance. Jonathan Breen reports.

The big three international rating agencies have all registered with Chinese regulators so they can join the country’s onshore credit rating industry, but none have started operations yet. Rebecca Feng investigates the reasons behind the holdup.

One of my favourite parts of the winter season used to be the ski trips. Nothing beats swapping the smoggy Hong Kong winters for a cabin on one of Japan’s snow-capped mountains.

Seguchi, Su succeed Koder as BAML co-presidents — QFII quota doubled ahead of index inclusions — China high yield faces a tough year

Kangde Xin Composite Material Group looks likely to be one of the first Asian issuers to default on a dollar bond in 2019, with missed payments onshore expected to trigger a cross default.

Greenland Holding Group has taken the first step towards refinancing its 2019 maturities, pricing a $300m bond in a busy period for Chinese real estate issuers.

Junson Development International offloaded a 2.52% stake in property company Longfor Group on Wednesday, raking in HK$3.4bn ($434.2m).

China Yuanfang Group filed a draft IPO prospectus in Hong Kong on Wednesday, adding to a growing list of Mainland education firms hoping to float in the city.

The party in Chinese high yield real estate bonds continued this week, with China Aoyuan Group, Zhenro Properties and Yuzhou Properties taking home $1.15bn between them on Tuesday.

Lenovo Group boosted the size of its debut convertible bond to $675m after a flood of investors turned out for the deal, according to bankers on the mandate.