Greater China

China Construction Bank International seized a tightly priced $600m five year deal on Tuesday, offering investors something different to an increasingly common floating rate note.

State-owned Power Construction Corporation of China and Sinochem-backed Far East Horizon are in the market with dollar-denominated perpetuals, while Tunghsu Group is making its international debut with a three year.

Malaysia’s CIMB Group has sold half of its international brokerage operations to China Galaxy Securities Co, formalising a plan set out last year.

Industrial Commercial Bank of China’s London branch and subsidiary signed a self-arranged $1.25bn facility in an oversubscribed deal with 16 banks on Tuesday. The deal follows a spate of lending by the bank in emerging market deals.

WuXi Biologics has priced its HK$3.9bn ($500.4m) IPO at the top of guidance after an overwhelming show of demand from institutional and retail investors, according to a banker close to the deal.

NEX Markets has added Bank of China (Hong Kong) to its array of liquidity providers on its FX trading platform, citing the lender’s market-leading role in providing offshore renminbi (CNH) liquidity.

State-owned Power Construction Corporation of China (PowerChina) is connecting with fixed income accounts for its second international senior perpetual bond.

The Hong Kong Stock Exchange has tied up with Hong Kong Science and Technology Parks Corp to launch a new platform to facilitate IPOs by technology companies. It may only be a small step towards the city’s dream of being an international hub of tech investment, but the move matters for a bourse that has struggled to lure high profile tech listings.

China Merchants Bank printed its inaugural international floating rate note this week, becoming the first joint stock bank from the country to do so. It priced its bonds close to fair value.

South Korea’s GS Caltex Corp bagged a $400m five year deal on Monday, securing buy-side support thanks to its credentials, despite a soft market backdrop.

China Construction Bank International opened books for a new five year deal on Tuesday morning, backed by the lender's Hong Kong branch.

Chinese developer Fantasia Holdings Group Co is in the market on Tuesday with an unrated short-term dollar note for refinancing purposes.