Greater China

Asia’s primary debt market is set for a busy end to the month with another four issuers - Citic Envirotech, Korean Air Lines, Powerlong Real Estate Holdings and China Construction Bank Asia all looking to attract international investors with deals of their own on Thursday.

Bank of East Asia (BEA) has set the minimum coupon of its upcoming additional tier one issue at 5.5%, according to an announcement by the Hong Kong lender on November 18.

Hong Kong Exchanges and Clearing (HKEx) is shaking up its group structure, announcing a new chief operating officer as it gears up to launch a fresh strategic plan for 2016-2018.

More details have emerged on Chinese technology firm Tencent Holdings’ $1.25bn loan that went into limited syndication last week.

Hong Kong property company New World Development has picked banks to arrange investor meetings ahead of a proposed dollar offering.

Flat Glass Group Co has covered books for its HK1.21bn ($155.61m) IPO in Hong Kong, with the trade likely to price in the lower half of its marketing range, said sources close to the situation.

The Hong Kong Stock Exchange (HKEx) plans to extend renminbi settlement operational hours for the Shanghai-Hong Kong Stock Connect in April 2016 in a bid to solve the outstanding settlement issues, a senior officer told GlobalRMB at the sidelines of event to celebrate the schemes’ one year anniversary.

Victory City Co has approached the syndicated loan market for a HK$2.388bn ($308m) fundraising that has seven bookrunners at the helm.

TUS Holdings managed to raise $400m from its debut international bond this week, with anchor orders and private banks driving demand.

Hong Kong property developer Lai Sun Development (LSD) is seeking HK$924.3m ($119m) by way of a rights issue, announcing a one-for-two offering on Tuesday.

China is likely to see the volume of global payments denominated in RMB rise to match its weight in the global economy, according to Esmond Lee, executive director, financial infrastructure, at the Hong Kong Monetary Authority.

As the world's largest consumer of commodities, China is trying hard to make the RMB a bigger player in those markets. But while the long term strategy makes plenty of sense, its short term implementation faces a number of headwinds, despite the Hong Kong Exchange Group’s (HKEx) best intentions.