Greater China

China Southern Power Grid Co (CSG) made its second foray into the debt market on Tuesday, wooing investors to its $1bn issuance with a juicy price.

Viomi Technology, the internet-of-things affiliate of Chinese smartphone maker Xiaomi, opened books on Tuesday for its $125.4m Nasdaq flotation.

In this round-up, the White House administration is lining up tariffs covering the entirety of Chinese imports, the People’s Bank of China further relaxes cross-border renminbi trading rules, and Bond Connect’s trading platform Tradeweb goes live with block trading.

State Street Corp has appointed Michele Hardeman as head of global markets for Asia Pacific, effective immediately.

Asia Cement’s first convertible bond (CB) sale in five years was priced at the best end of terms for investors, which bankers away from the deal said was “extremely cheap”.

BMW Automotive Finance (China) Co is making its first foray into the ABS market this year, with bookbuilding for the Rmb4.5bn ($656m) Bavarian Sky China 2018-1 set to start next Monday.

Hong Kong-listed CMBC Capital, a subsidiary of China Minsheng Bank, is targeting Taiwanese bank liquidity for an up to HK$1.4bn ($178m) borrowing.

Chinese state-owned enterprises (SOEs) Poly Real Estate Group Co and China Minmetals Corp took different approaches to pricing their dollar bonds on Monday, resulting in diverging secondary market performances.

JP Morgan doubled a tap of its exchangeable bond (EB) linked to shares of Ping An Insurance (Group) Company of China, raising $100m on Monday.

August was generally a healthy month for many global derivatives exchanges, though performance was not quite consistent across the industry.

Hua Medicine, the third biotechnology firm to list in Hong Kong, got across the finish line with an undersubscribed retail book, even though several blue-chip funds threw their weight behind the deal.

Taiwan-listed agro-chemical maker Rotam Global Agrosciences is tapping the loan market for $100m to refinance debt.