Northeast Asia

A handful of Chinese borrowers hit the bond market on Monday in what is expected to be a busy week for issuance, as focus turns to the looming meeting between the US and Mainland presidents and worries rise over fundraising approvals.

Hong Kong-listed ENN Energy Holdings is seeking a $300m term loan to refinance some of its outstanding debt.

Chinese telecommunications software provider AsiaInfo Technologies launched investor education for its Hong Kong float on Monday.

Shanghai Dongzheng Automotive Finance Co has filed a draft prospectus with the Hong Kong Stock Exchange for its IPO.

Welcome back to our Monday newsletter. In this round-up, Allianz gets approval for first wholly foreign-owned enterprise (Wfoe) in the insurance sector, foreign bond investors will receive tax exemptions, and PBoC Shanghai branch is lifting lending quotas to help small and private enterprises.

In this round-up, People’s Bank of China (PBoC) signs a currency swap with Indonesia, Shanghai and Shenzhen Stock Exchanges publish rules to limit the length of trading halts, and the Chinese authorities publish new rules to boost the domestic free trade zones (FTZs).

A number of sub-investment grade rated property developers and local government financing vehicles (LGFVs) used private-style executions for their public transactions this week — an increasingly popular approach among Chinese bond issuers.

Sinochem Energy has delayed its Hong Kong listing until 2019, according to a source close to the deal.

In this round-up, China and the Philippines sign Memorandum of Understanding (MoU) for a new Panda issuance, survey finds that 64% of Chinese investors choose to invest domestically rather than overseas, and foreign firms are getting approvals to help China build a nationwide credit information monitoring system.

Yanzhou Coal Mining Co pursued a $275m deal on Thursday, altering its initial fundraising goals to score a tightly priced transaction.

US president Donald Trump may be the loudest critic of Chinese policy, but he is far from the only one. The European Chamber of Commerce (Eurocham) tells GlobalRMB that ‘optimism is slowly turning to cynicism’ as China stalls on its reform promises.

Huatai Securities, the Chinese asset management business, has filed an intention to float document for a $500m London listing of global depositary receipts, the first under the new Shanghai-London Stock Connect segment of the London Stock Exchange.