Northeast Asia
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Asia’s primary bond market has started the year with a bang. New dollar issuance has been steady, and issuers are getting increasingly confident in their ability to court investors with what can only be considered bull market deals. But the market isn’t strong enough to allow issuers to get away with such aggressive terms for long.
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Chinese local government-owned power generator Chongqing Energy Investment Group Co wrapped up its inaugural offshore bond, finding enough demand to support an aggressive price tightening.
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Hong Kong Exchanges and Clearing (HKEX) will launch futures contracts on the A-share segment of the MSCI China Index.
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Shanghai Fudan-Zhangjian Bio-Pharmaceutical Co has become the first Hong Kong-listed company to announce that it wants to float on China’s hotly-anticipated technology board.
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In this round-up, both exports and imports slowed in February, the US and China have not started preparing for a deal-signing summit and the People’s Bank of China (PBoC) has released its February financial data.
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Hong Kong Exchanges and Clearing (HKEX) signed an agreement with MSCI on Monday to introduce a futures contract covering the MSCI China shares index.
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China-based biotechnology firm Mabpharm is looking for the greenlight to list in Hong Kong, having filed a draft IPO prospectus with the city’s stock exchange.
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Tesla has raised the equivalent of $521m from the loan market, helping fund its Shanghai factory.
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Peking University Founder Group Co priced a $200m bond tap on Friday, getting ahead of a disappointing non-farm payroll report..
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Solar glass manufacturer Xinyi Solar Holdings has raised HK$1.32bn ($168m) after selling a block of new shares in a top-up placement.
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In this round-up, Huawei filed a lawsuit against the US government, China’s foreign reserves rose for the fourth month, and the International Monetary Fund can now invest in Chinese domestic bonds and stocks
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In his latest Clawback column, Philippe Espinasse takes a look at the Hong Kong stock exchange’s new three year plan and its desire to be a global listing hub.