Greater China
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Loncin’s debut international bond squeaked into the quiet dim sum market on Monday, raising Rmb800m ($116m). However, the outlook for offshore renminbi debt remains poor as issuers and investors stay away.
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Chow Sang Sang Holdings International, the Hong Kong jewellery retailer, is expanding its securities business to onshore China, signing a joint venture with several Mainland partners.
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Global Financial Markets Association (GFMA) announced a series of management changes on Monday US time, including the appointment of a new chief executive officer.
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State Power Investment Corp (SPIC) kicked off this week's Asia bond market, opening books to a dual-tranche offering on Tuesday morning Asia time.
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The launch of Shenzhen-Hong Kong Stock Connect is an exciting development but of more importance is whether this further opening up of China’s capital account increases the odds of A-shares making it into the MSCI Emerging Markets Index, according to market participants.
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An A$500m ($380m) five year facility to support Philippine company Universal Robina Corp’s (URC) acquisition of Snack Brands Australia has attracted commitments from about 15 banks.
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State-owned CSC Financial Co has opened books on its HK$8.2bn ($1.1bn) IPO in Hong Kong, with value seen for the shares at the low end of the price range.
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Paint and coating manufacturer CPM Group is planning to float its shares in Hong Kong, according to a draft prospectus filed with the city’s bourse.
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The Shanghai Municipal government has sent out a request for proposals to banks and securities houses interested in underwriting the city’s upcoming free trade zone (FTZ) bond.
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Chinese auto company Loncin Holdings launched a new dim sum bond Monday, the issuer’s first international market transaction, as two other Chinese names issued mandates for their own debuts.
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Nasdaq-listed Baozun has filed for a follow-on of American Depositary Shares (ADSs) worth some $100m via three bookrunners.
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Zhenjiang Cultural Tourism Industry Group wrapped last week's busy period in Asia ex-Japan debt capital markets with a three year offering.