Greater China

China’s Shandong Chenming Paper Holdings is ready to start the new year with its first dollar bond issuance.

Mizuho Bank is preparing to sell the first ever Panda bond by a Japanese issuer, after picking three local banks to manage the deal.

The Chinese president emphasises the need to control financial risk at a key economic policy forum, Pakistan considers using the renminbi instead of the dollar in bilateral trade with China, and China Development Bank sells $350m of bonds in Hong Kong to help fund the Belt and Road Initiative (BRI).

Jiaxing City Investment and Development Group Co began marketing its first dollar bond on Thursday, following a roadshow earlier this week.

China Oceanwide International Financial has mooted a HK$18.3bn ($2.3bn) rights issue to be used mostly for its securities business.

Shangrao City Construction Investment Development Group (SCID) has grabbed $300m from its debut international bond in the quiet December market.

China is to launch its first national carbon trading scheme, a move that could ultimately bring closer the introduction of a global, interconnected carbon market. But experts said the scope and impact of the scheme would be limited at first.

Offshore renminbi liquidity could get a shot in the arm as Shanghai Clearing House (SHCH) joins hands with R5, a London-based FX platform, to create a link between the FX markets in the UK and China. The move is also set to widen Chinese banks’ access to global currencies.

Chinese technology company JD.com has doubled its maiden offshore loan to $1bn, thanks to commitments from 18 lenders during primary syndication.

Citic Pacific, the property arm of Chinese conglomerate Citic, has returned to the loan market after three years for a $200m borrowing.

Jiayuan International Group tapped equity investors for the second time in six months, raising HK$1.4bn ($181.4m) in new capital after its share price nearly doubled.

Shangrao City Construction Investment Development Group (SCID) launched its dollar debut on Tuesday morning, while Jiaxing City Investment and Development Group Co kicked off a roadshow for its maiden deal.