Greater China

Postal Savings Bank of China is looking for as many as three sponsors for its jumbo $10bn-$15bn IPO, having called on banks to underwrite the deal, according to market sources.

Bank of Communications Hong Kong showed that the year's volatile start is no problem for some issuers, bringing a $500m bond this week, which was driven by Chinese bank money. Bankers lauded the trade as BoCom pulled in a six times covered book without having to pay up.

China Nonferrous Metal Mining’s inaugural dollar bond resonated well with investors as the combination of a strong government link, a standby letter of credit and juicy yields proved a winning recipe.

Citic Securities has made Zhang Youjun its new chairman. Tthe appointment follows the disappearance of a string of top bankers due to regulatory probes.

A member of Citi’s Asia Pacific DCM syndicate team in Hong Kong has parted ways with the lender, sources close to the move have told GlobalCapital Asia.

As Chinese companies go on an M&A shopping trip in Europe in 2016, the European loan market will benefit from the China’s spending spree.

Hungary is planning a €1bn bond this year, but is also still looking for a window in the near future in which to issue a dim sum transaction.

The People’s Bank of China will impose reserve requirement ratio (RRR) on offshore RMB deposits starting from January 25, the central bank said on Monday. Many market participants reckon the move shows the determination of the PBoC to stabilise the renminbi.

China Railway Construction Corp has priced the first H-share convertible bond in Asia ex-Japan since 2007, raising $500m to get this year’s equity-linked market rolling.

Goodbaby China has kicked off pre-marketing for a potential $200m IPO and could start the roadshow next week, according to market sources.

Grand Capital International, a subsidiary of SinoPac Financial Holdings, is tapping dollar liquidity in Taiwan for a $220m three year loan.

The Asian bond market woke up to a pair of Chinese investment grade credits on Tuesday with Bank of Communications Hong Kong and China Nonferrous Metal Mining looking to tie up their respective dollar deals.