Greater China

TCL Multimedia Technology Holdings, a Chinese consumer electronics company, is looking to add around HK$2bn ($256m) to its coffers by way of a rights issue, bringing on board BNP Paribas to fully underwrite the transaction.

The Asian Infrastructure Investment Bank (AIIB) has added another name to its growing treasury team, with the hire again coming from a fellow supranational issuer.

China Education Group has started sounding out investors for a Hong Kong IPO of around $400m, laying the groundwork for bookbuilding to begin next week.

The surge in dollar bond issuance from Asia ex-Japan continued unabated at the tail end of last week, with three issuers selling $1.1bn of deals on Friday.

Investors are broadly positive on the policy direction set by China’s 19th Party Congress, said experts at Euromoney’s Hangzhou Global Investment Conference on November 21.

Nissin Foods Co kicked off bookbuilding for its HK$1.1bn ($144.8m) Hong Kong IPO on Monday, with several Japanese trading giants and a Singaporean beverage company joining as cornerstone investors.

Bank of Communications Co’s Hong Kong branch is in the market with a two-part floating rate transaction, going head to head with peer China Construction Bank, which is also taking bids for a new bond.

Shandong International Trust has brought in five Chinese cornerstone investors to take up just under half of its HK$3.5bn ($449.8m) IPO in Hong Kong.

China’s Alibaba Group Holding, which wowed the debt market three years ago with the largest G3 bond on record from Asia ex-Japan, is preparing for a comeback, mandating banks for its upcoming dollar outing.

Shenzhen-Hong Kong Stock Connect northbound trading hits new high, BlackRock strategist says Belt and Road will bring about new opportunities in Asia for long term investors, and United Overseas Bank (UOB) opens a new branch in Kunming, Yunnan province.

China Construction Bank Corp launched a triple-tranche dollar deal on Monday through its Hong Kong branch.

State-owned coal miner Yankuang Group Company sold its inaugural $400m dollar deal on Thursday, taking advantage of a quiet day in the debt capital markets. Although some analysts thought the issuer left something on the table, the deal held firm in secondary market.