Greater China

The Republic of Poland is looking to become the first repeat sovereign issuer of Panda bonds as it seeks to raise Rmb3bn ($435m) this year.

Zhuhai Huafa Group Co, rated BBB by Fitch, is eyeing its debut dollar-denominated bond.

Sogo department stores operator Lifestyle International is eyeing HK$9bn ($1.16bn) loan to finance a project coming up on a plot of land the company acquired last year. Discussions for the loan have been ongoing since November.

Yanlord Land Group’s decision to wait until the New Year to return to the bond market paid off handsomely. Launching into a less volatile market on Monday, the deal attracted a peak order book of $2.8bn and priced at a good level for the issuer.

Times Property Holdings made a successful return to the international debt market on Monday with a $375m bond, benefiting from a strategy of starting with a generous initial guidance before slashing it by almost 40bp.

Entertainment and gaming property firm Landing International Development is preparing a rights issue to raise HK$5.1bn ($662.9m), according to a filing with the Hong Kong Stock Exchange (HKEX) on Tuesday.

Bank of Communications Co has filed a draft prospectus for the spin-off and listing of its investment banking arm BoCom International in Hong Kong, according to an announcement on the city’s bourse.

China Development Bank Corp is kicking off the year with a bang, launching a euro/dollar dual currency bond across five tranches Tuesday morning.

Hong Kong’s FWD began marketing a new perp on Tuesday, returning to dollar market after a gap of more than two years.

Morgan Stanley has received approval to increase its stake in its Chinese securities venture from 33.3% to 49%, according to a source with knowledge of the agreement.

Hong Kong should look to further strength its economic ties with China as headwinds from Trump’s anti-trade rhetoric threaten to disrupt the US-China relationship and Brexit creates an uncertain outlook for Europe.

With today’s upcoming Brexit speech by the British prime minister likely to throw up more doubts about London’s future as a financial centre, Parisian financial lobby Europlace says France’s message is clear: your business, including in renminbi, is welcome.