Greater China

The long-awaited expansion of the Hong Kong RMB qualified foreign institutional investor (RQFII) quota, coming at a time of increased appeal of China assets, has triggered a rush by global money managers to get a piece of the action.

Sun Hung Kai & Co set a personal record this week, selling its largest dollar bond at its lowest coupon as private banks flocked to the unrated Hong Kong financial company.

Zai Lab is set to kick off roadshows on Tuesday for its $150m IPO on the Nasdaq, according to a banker leading the transaction.

The Communist Party congress is set to kick off on October 18, the emirate of Sharjah plans the Middle East’s first Panda bond issuance, and Swift data says the renminbi was the fifth most used currency for payments globally in July.

The drama surrounding credit default swaps referencing Noble Group escalated this week as the Asia Ex-Japan International Swaps and Derivatives Association determinations committee on Thursday pushed back the deadline for ruling on whether Noble has defaulted.

GlobalCapital is happy to announce the nominations for its Sustainable and Responsible Capital Markets Awards 2017.

The idea of a Primary Equity Connect (PEC) linking China and Hong Kong has reared its head again after the Hong Kong Stock Exchange (HKSE) published a report trumping its benefits. Needless to say, the market is divided. While many see benefits, others see dangers in bringing the two markets closer together. Jonathan Breen reports.

Best, a logistics firm backed by Alibaba, started pre-marketing its $1bn IPO on the New York Stock Exchange this week, as a clutch of Chinese issuers also filed listing applications in the US.

Sisram Medical launched a HK$1.4bn ($174.2m) IPO in Hong Kong this week and hedge funds have already shown their support for the deal.

Hong Kong-listed China Silver Group is looking to spin off its online jewellery arm CSMall Group through a listing on the city’s bourse.

KEB Hana Bank is selling its first-ever US dollar-denominated, dual-listed Formosa bond on Thursday, taking bids for floating rate bond with a five year tenor.

Hong Kong financial investment firm Sun Hung Kai & Co is in the market with a guaranteed Reg S dollar bond, to be issued by a wholly-owned subsidiary.