Greater China

Taiwanese semiconductor manufacturer GlobalWafers Co has raised $469.2m from a sale of Global Depository Shares, which it plans to to use for repaying loans from its acquisition of SunEdison Semiconductor in 2016.

BlackRock has backed MSCI to include A-shares in its benchmark index, a former State Administration of Foreign Exchange (Safe) official says China should open its onshore renminbi market, and Standard Chartered says capital outflows reach a new low in March.

Want Want China Finance and China SCE Property sold $500m and $300m of notes respectively on Thursday, as both hit the market before the expected rush investment grade names next week.

China Merchants Port Holdings (CMP) successfully raised Rmb2.5bn ($363.4m) from a five year Panda bond on the interbank market on Thursday. The company is presenting the trade as a Silk Road bond, even though all of the proceeds will be used onshore.

China Huarong Asset Management Co on Thursday concluded a $3.4bn-equivalent six-tranche offering featuring US dollars and Singapore dollars. The transaction broke new ground for the issuer, and the company is one step closer in narrowing the gap between its curve and that of some of its Chinese peers.

Fufeng Group has raised HK$777.0m ($99.9m) after selling a top-up placement of its shares through a subsidiary.

People’s Bank of China (PBoC) relaxed capital controls for the first time since 2015 last week, scrapping an order introduced in January. Experts say the move is an attempt to rebuild foreign investors’ confidence, and may even signal a return to full blown renminbi internationalisation.

Chinese property developer Greenland Holdings is accessing the loan market through a subsidiary called Gluon Xima International for a $250m three year bullet.

Bank of Gansu, a Chinese city commercial lender based in Lanzhou, has hired five banks to jointly sponsor its IPO in Hong Kong, sources said.

Fosun International has opened a tap of its March-issued $800m 5.25% 2022s, following reverse inquiry.

HCP Global has distributed its $540m facility among 17 banks, with mostly Taiwanese lenders receiving an allocation.

Taiwan-listed GlobalWafers Co is selling Global Depositary Shares (GDSs) worth up to $440m, the first time it is tapping equity investors after acquiring SunEdison Semiconductor.