Northeast Asia

Grand Baoxin Auto Group has launched a $200m three year loan into general syndication, shaving 16bp off the top-level pricing from a year ago.

In this round-up, Donald Trump says more tariffs on Chinese imports are likely, the Chinese authorities release the first London Connect details under public consultation, and State Administration of Foreign Exchange (Safe) adds Ray Dalio's hedge fund to the list of RMB qualified foreign institutional investors.

Beijing Kunlun Tech is planning to float Grindr, the popular gay dating app, according to a stock exchange filing from the Chinese parent.

Overwhelming support for Aluminum Corporation of China’s (Chalco) $400m three year bullet bond allowed the issuer to price through its parent company’s curve on Thursday.

China Ping An Insurance Overseas (Holdings) hit its $500m target on Thursday with its inaugural public bond, narrowly escaping a change in market sentiment overnight due to the latest trade threat from the US.

Chinese property developer Gemdale Corp priced a $150m bond on Thursday, but told investors not to put in any orders after price guidance was released — a move that surprised many debt bankers.

Chinese integrated online healthcare provider 111 has opened books for its IPO of American Depository Shares (ADS), which is slated to raise $148.8m.

Biotechnology firm Hua Medicine has launched bookbuilding for its Hong Kong IPO, targeting up to HK$972.1m ($123.9m) in proceeds.

A top Chinese automaker and Hong Kong listed-Xinyi Glass Holdings are separately sounding out banks for new syndicated financings.

The Chinese president marks the fifth anniversary of the Belt and Road Initiative (BRI), the US finance minister says China’s support for the renminbi does not count as currency manipulation, and the State Council clarifies its tax collection policy for Bond Connect investors.

The Republic of Philippines plans a comeback deal in the onshore bond market, the second batch of MSCI A-shares inclusions goes live today, and China’s bourses get a boost as they close in on buying 25% of Dhaka Stock Exchange.

It is high time that the famously conservative Japanese market started embracing new practices. There are signs that modernisation is afoot.