Greater China
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Baidu’s video streaming platform iQiyi has raised $650m after pricing its bigger convertible bond at the investor friendly end of guidance. -
Fosun Tourism Group, a subsidiary of Chinese conglomerate Fosun International, is being spun-off and has started bookbuilding for its HK$4.28bn ($547.19m) Hong Kong IPO.
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In this round-up, the China Banking and Insurance Regulatory Commission (CBIRC) published 18 new regulations for foreign banks in China, the People’s Bank of China (PBoC) has not injected money through reverse repo for a number record number of days and Spain and China sign MoU for closer financial collaboration and potential Panda bonds.
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Sunac China Holdings ventured into the market on Thursday for a tap of its existing 2020 bond. The Chinese borrower found such a huge response that it was able to raise more money than planned.
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Huaibei City Construction Investment Holding Group Co’s debt transaction remained open on Friday for a second day of bookbuilding, as the Chinese issuer sought additional orders from investors.
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After months of work to reach a trade deal, analysts say that the best one can hope for is a truce rather than an end to the confrontation. Meanwhile, China is tightening trade ties with potential allies as an antidote to a possible escalation.
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In this round-up, Bond Connect has chosen Bloomberg to become its second electronic trading platform, the renminbi dropped one place in Swift’s payment rankings, and onshore banks are adding assets at decreasing speed.
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Goldman Sachs has given two of its long-term employees additional responsibilities within the Asia ex-Japan investment banking division.
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Chinese and French banks may take advantage of a new Luxembourg green covered bond law, where the cover assets are linked to renewable energy, according to an official at the Luxembourg Stock Exchange (LuxSE).
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The African Development Bank will look to issue its first bonds in renminbi and Zambian kwacha next year.
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Nomura hires for Greater China ECM, rejigs SG coverage – ANZ levfin banker relocates – Loh joins Scotiabank Apac syndications – RBI loosens hedging rules
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Remember the days of limitless expense accounts, client entertainment, obligatory five star travel arrangements for managing directors and lowly analysts alike? Well, things are certainly not what they used to be.
