Greater China

Yankuang Group Company has become the only issuer from Asia ex-Japan to venture into the dollar market on Thursday, a US holiday for Thanksgiving. But many other Chinese issuers are waiting in the wings, with a flurry of mandates announced.

Property management company Riverine China Holdings is seeking approval to list in Hong Kong, filing a draft prospectus with the city’s exchange on Tuesday.

Universal Medical Financial & Technical Advisory Services has doubled its debut financing to $600m, with 13 banks joining in general syndication.

Chiyu Banking Corp and Shanghai Commercial Bank hit the debt market for their debut international subordinated bonds on Tuesday, but each was met with a different response from investors.

Investment grade issuers China State Construction International Holdings and Shenzhen International Holdings raised $800m and $300m, respectively, on Tuesday. But their bonds struggled to perform in secondary due to lingering softness in the market.

China’s Ministry of Finance is set to hold its second offshore renminbi (CNH) bond auction of the year on November 30 in Hong Kong. The Rmb7bn ($1.06bn) offering will come just a month after China sold its first dollar bond in over a decade.

Export-Import Bank of China (Chexim) extended its curve with a 30 year dollar bond on Tuesday, part of a multi-tranche deal in which it raised a hefty $3.275bn in two currencies.

A banker at DBS’s syndicated finance unit in Hong Kong has left the Singaporean firm after five years, according to sources close to the matter.

The barrage of Chinese debt issuers in the dollar market continued on Wednesday as four issuers ventured out with new bonds.

The long-awaited Shanghai-London Stock Connect is set for launch next year, a source at the London Stock Exchange has revealed.

The US Commodity Futures Trading Commission has once again extended no-action relief to the Shanghai Clearing House, stating that it will not take action against it for not registering as a derivatives clearing organisation.

Shandong International Trust Co is preparing to open books for its Hong Kong listing on November 27, having found enough anchor and potential cornerstone investor demand after two days of pre-marketing to cover the IPO, according to a banker working on the deal.