Greater China

Investors welcomed Chinese local government financing vehicle Jinan West City Investment and Development Group to the G3 market on Tuesday, enabling the debut issuer to net $300m off the back of $1.3bn of demand.

CK Hutchison Holdings is seeking fresh funds to refinance debt, and is eyeing a dual-tranche dollar bond with five and 10 year tenors.

All eyes are on the renminbi this week with the currency set to officially enter the IMF’s special drawing rights (SDR) basket on Saturday. But what does that mean and why should you care? Here’s GlobalRMB’s quick guide to all you need to know.

China Securities Finance Co and Minsheng Education Group are looking to list in Hong Kong and filed draft prospectuses with the city’s exchange on Monday.

Shui On Development made its return to the international bond market on Monday after almost two years, bagging $250m from a new three year unrated offering.

China National BlueStar navigated a crowded primary market on Monday, netting $1.1bn from a dual trancher on the back of an impressive $4bn order book.

Days after China made the landmark decision to appoint a US renminbi clearing bank, it has made yet another clear political statement by appointing Industrial and Commercial Bank of China Moscow as Russia’s clearing bank, with a bond market link also in the making.

China Construction Bank Hong Kong, Fantasia Holdings Group and Jinan West City Investment and Development Group were out in full force in the dollar bond market on Tuesday.

Natixis has created three new business lines for its Asia Pacific corporate and investment banking (CIB) business, putting Damien Cleris, Bruno le Saint and Raghu Narain in charge.

Renminbi adoption has surged in the United Arab Emirates while lagging behind in the Eurozone, according to the latest data by the Society for Worldwide Interbank Financial Telecommunication (Swift). The Chinese authorities also seem ready to increase RMB connectivity with the Middle East through a number of new initiatives.

A veteran loans banker most recently with Bank of America Merrill Lynch is tipped for a senior role at Bank of Tokyo-Mitsubishi UFJ.

One of the biggest Chinese bad debt managers China Cinda Asset Management sealed a $3.2bn deal last Friday, marking the country’s first AT1 from a non-bank entity. In addition, it is also the largest dollar deal from a Chinese issuer so far this year.