Greater China

State Grid Corporation of China opened books for a four tranche dollar bond on Wednesday morning, comprising three, five, 10 and 30 year portions.

Law firm Clifford Chance has appointed five new partners in Asia Pacific, including one capital markets specialist, according to a Tuesday press release.

ASM International has bagged HK$2.15bn ($276.2m) after selling a block of shares in its Hong Kong-listed arm ASM Pacific Technology.

The increasing competition between foreign asset managers in China is creating new winners and losers, though JP Morgan managed to hold on to the top spot for the second year running, according to a report by Z-Ben Advisors. The survey also shows that Asian asset managers are lagging behind their European and North American peers.

China’s State Development & Investment Corp started collecting orders for its new dual tranche offering on Tuesday morning at the Asia open, with the company set to debut in the dollar bond market.

Decker & Co, a US-based institutional equities broker that focuses on Asia, has made several new hires to expand its coverage in China and Japan.

ASM International is in the market to sell a HK$2.15bn ($277m) overnight block in its Hong Kong-listed unit ASM Pacific Technology.

Fosun International scored an additional $600m from a tap of its $800m 5.25% 2022s last Friday, making it the largest Chinese high yield non-property deal in almost three years.

As the perceived European political risk reduced following the results of the first round of French elections, Asian debt markets opened on Monday to a deal from India's HPCL-Mittal Energy (HMEL).

Syndication of a HK$7.991bn ($1.027bn) loan for a subsidiary of Hong Kong conglomerate Goldin Financial Holdings is set to wrap up soon, with the money to be used to develop a residential complex in the city’s Kowloon area.

With the world’s largest asset manager saying it backs the inclusion of A-shares in MSCI indices, the result now looks inevitable. However, the result is likely to be high on symbolism and little else and highlights the challenge for firms as they balance the demand for China exposure with the need to keep their integrity intact.

In this round-up of news you may have missed over the weekend, People’s Bank of China (PBoC) plans to roll out more SDR-denominated products, State Administration of Foreign Exchange (Safe) says capital flows stabilised in the first quarter of 2017, and JP Morgan is named top foreign asset manager for 2016.