Greater China

Renminbi bullishness has served Luxembourg well. The tiny country has enjoyed substantial China-related fund flows in 2017, largely thanks to a wider offering of investments, Marc Andre Bechet, director of legal and tax at the Association of the Luxembourg Fund Industry (Alfi), told GlobalRMB.

The government of the Emirate of Sharjah is set to become the first issuer from the Middle East to enter the Panda market, after unveiling plans to raise Rmb2bn ($315.9m) from the onshore market.

Nomura has hired Charles Wang as chairman of China investment banking to strengthen its client coverage there, according to a memo seen by GlobalCapital Asia.

The first meeting of the Central Banks’ and Supervisors’ Network for Greening the Financial System has broadened the emphasis of the group’s work from a focus on climate change to one on climate and the environment.

Two Chinese property developers are in the market on Monday evening to sell convertible bonds with nearly identical structures.

China and the UK have still not announced the launch date of the London-Shanghai Stock Connect, but international investors are already positioning themselves to get the most out of the new link, Gary O’Brien, a senior custody banker at BNP Paribas, told GlobalRMB.

China Cinda Asset Management Co has mandated 12 global co-ordinators and an additional 11 bookrunners and lead managers for its upcoming senior dollar transaction, with investor meetings and calls scheduled over the next two days.

Bond supply in Asia continues to be strong in the lead up to Chinese New Year and ahead of the year’s first Federal Reserve meeting this week. The pipeline from the mainland particularly is building up, with property and energy names preparing to go offshore.

A HK$13bn ($1.66bn) three year financing to support a consortium’s acquisition of retail properties in Hong Kong is in limited syndication, with the underwriter title on offer.

Chinese wearables manufacturer Huami Corp has kicked off bookbuilding for a $120m IPO of American Depository Shares (ADS).

Data releases by a number of monetary authorities show uneven turnover in RMB-denominated FX transactions around the globe.

GDS Holdings raised $286m from the sale of new and existing equity last Friday after demand came in better than expected, allowing the secondary portion to be doubled.