Greater China

Tradeweb is working with Hong Kong Exchange (HKEX) to provide the infrastructure for Bond Connect, which will give foreign investors access to the Chinese interbank bond market, GlobalRMB has learned.

Chinese private school operator Wisdom Education International Holdings has sealed its HK$850m ($109.6m) IPO, finding enough demand to make it through a tight window while defying President Trump-inspired jitters, according to a banker working on the deal.

Chinese companies Shui On Land and Biostime International are looking to raise funds from the dollar debt market, launching their respective deals on Monday morning.

The Trump presidency begins without China being labelled a currency manipulator, RMB keeps strengthening against the dollar, and the State Administration of Foreign Exchange emphasizes stability over reform.

Zhuhai Huafa Group Co on Thursday rolled out a three year dollar offering. It was not an easy task to find a direct comparable due to the debut status of the issuer and its credit strength compared to some other names, admitted bankers.

Mainland brokerage Guotai Junan Securities Co is looking to follow its peers and list south of the border, according to a draft prospectus filed by its Hong Kong-listed subsidiary Guotai Junan International.

In this round-up, index provider FTSE Russell adds two new Chinese A-shares indices, the mutual recognition of funds (MRF) scheme sees sales of Hong Kong funds retreat in December, and the Hong Kong Monetary Authority adds nine partners to the Belt and Road-linked Infrastructure Financing Facilitation Office (IFFO). Plus, a recap of our coverage.

Hong Kong Airlines, whose biggest shareholder is China’s HNA Group, was marketing a senior perpetual non call 3.5 year bond on Friday, driven by anchor interest.

The margin compression that dominated the Asian syndicated loan market in 2016 was expected to spill into this year. But Chinese capital controls have proved to be a game changer, with Mainland companies compelled to turn to overseas funding, said market participants. Shruti Chaturvedi reports.

China Huarong Asset Management Co offer investors a rare combination of a senior three year and a senior perpetual bond in its first outing of the year, snapping up $2.6bn across two tranches.

TPG Stallion Holdings raised HK$542.7m ($70.0m) after offloading a chunk of its stock in Chinese firm Li Ning Co this week, while Malaysia’s Federal Land Development Authority (FELDA) sold a block of Maybank shares for MR281.7m ($63.3m).

The Hong Kong Stock Exchange (HKEX) has proposed creating a new board in a bid to remain a leading global IPO market.