Greater China

MSCI’s new consultation paper has increased the probability of A-shares’ entering the benchmark emerging markets (EM) index in 2017. However, the inclusion’s impact is likely to be long-term rather than immediate.

Industrial and Commercial Bank of China is back in the market with a dual tranche deal carrying three and five tenors, set to be issued through the firm's leasing arm.

Fujian Yango Group sealed its inaugural international bond on Tuesday, snapping up $300m from a guaranteed bond. A quiet debt market in Asia worked in the issuer’s favour, but it still had to pay a premium for its unrated status.

Chinese gold miner Zhaojin Mining Industry Co has raised HK$1.2bn ($156.0m) through a private placement of H-shares, according to a filing with the Hong Kong Stock Exchange.

China Huiyuan Juice Group has sealed a slightly larger than planned syndicated loan of €160m with four banks. A few more lenders are still set to join, which will further bump up the fundraising, according to a source.

China Boqi Environmental Co has begun soft sounding investors for its planned $100m Hong Kong IPO, according to a source familiar with the matter.

Moscow Exchange (Moex) and Dalian Commodity Exchange have agreed on a memorandum of understanding.

Guotai Junan Securities Co’s IPO in Hong Kong is sending all the right messages, but the most important one may be its smaller reliance on cornerstone investors. It has placed just under 30% of the HK$16.5bn ($2.1bn) float to six funds — a move that may well mark a turning point for oversized cornerstone allocations in the city.

A former Bank of America Merrill Lynch ECM syndicate banker has taken a new senior role at CEB International, as the Chinese firm develops its offshore investment banking platform, sources said this week.

Shui On Development has hit the syndications market for a $150m three year borrowing guaranteed by parent Shui On Land. The firm is the latest name to tap the bond and loan markets in quick succession.

Property developer Fujian Yango Group started taking bids for its debut international bond on Tuesday, immediately after wrapping up fixed income investor meetings. Its deal follows fellow Chinese company Zhejiang Huzhou Huantaihu Group Co’s $150m outing on Monday.

Automobile parts maker Zhongding Hong Kong has wrapped up its latest syndicated loan at €200m ($217m), higher than the launch size of €150m, as 14 lenders chipped in.