Greater China

The People’s Bank of China (“PBoC”) has opened books to its debut one year offshore central bank note in the Asia morning at 3.30% area on October 20.

GlobalRMB spoke to senior transaction banking executives throughout the Sibos 2015 conference held in Singapore last week. A common theme emerged: the RMB is presenting massive opportunities for banks nimble enough to follow China along its path to liberalisation. In this first piece, Lisa Robins, head of global transaction banking at Deutsche Bank, told GlobalRMB how much China's transformation has surpassed expectations so far.

China Reinsurance priced Hong Kong’s third largest IPO of the year at the top of the range to raise HK$15.58bn ($2.01bn), drawing an outpouring of interest from global investors. The trade has buoyed hopes among equity capital markets bankers as they seek to put a sullen summer behind them.

Sino-Singapore Tianjin Eco-city (SSTEC) and Rizal Commercial Banking Corp are both eyeing the offshore bond market, with the issuers hiring banks for their respective offerings.

Nine lenders have come on board a $250m loan for General Interface Solution (GIS), a provider of touch-based technology, leading to an oversubscription.

Chinese developer Soho China has wrapped up a tender offer to repurchase its outstanding notes as part of a debt management exercise. But as the bond price rallied to the repurchase level after the announcement of the transaction, the company managed to buy back less than half of the notes.

With China’s President Xi Jinping due to arrive on Monday for his first state visit to the UK, the People’s Bank of China (“PBoC”) decided to launched its debut CNH central bank note in London on the same day, mandating HSBC and ICBC as joint global co-ordinators.

Firm Chinese growth data has supported a short-end CNY swap bid and a flatter NDIRS curve. The latest PBoC currency relaxation moves are expected to back an increase in Panda bond issue flow, writes Deirdre Yeung of Total Derivatives.

China’s BeiGene is eyeing a listing on the Nasdaq, with the drug maker tapping three banks for a $100m IPO.

Bank of China has received the green light from its board of directors to spin off and list BoC Aviation on the Hong Kong Stock Exchange.

Bank of Jinzhou Co has filed afresh for a $600m IPO in Hong Kong, which was delayed in June due to regulatory issues and scrutiny around its loan exposure to the Hanergy Group.

Hong Kong-listed China Tian Lun Gas Holdings has mandated three banks to arrange a $150m borrowing, which has launched into general syndication.