Northeast Asia

Shangrao City Construction Investment Development Group (SCID) has grabbed $300m from its debut international bond in the quiet December market.

China is to launch its first national carbon trading scheme, a move that could ultimately bring closer the introduction of a global, interconnected carbon market. But experts said the scope and impact of the scheme would be limited at first.

Offshore renminbi liquidity could get a shot in the arm as Shanghai Clearing House (SHCH) joins hands with R5, a London-based FX platform, to create a link between the FX markets in the UK and China. The move is also set to widen Chinese banks’ access to global currencies.

Chinese technology company JD.com has doubled its maiden offshore loan to $1bn, thanks to commitments from 18 lenders during primary syndication.

Citic Pacific, the property arm of Chinese conglomerate Citic, has returned to the loan market after three years for a $200m borrowing.

Jiayuan International Group tapped equity investors for the second time in six months, raising HK$1.4bn ($181.4m) in new capital after its share price nearly doubled.

Shangrao City Construction Investment Development Group (SCID) launched its dollar debut on Tuesday morning, while Jiaxing City Investment and Development Group Co kicked off a roadshow for its maiden deal.

The Hong Kong Stock Exchange’s (HKEX) move to allow dual-class shares after years of acrimonious debate has been welcomed by market participants.

Hong Kong-listed China Mengniu Dairy has won regulatory approval to tap the Panda bond market for the first time, and is seeking as much as Rmb15bn ($226.7m) from short and medium term notes.

A fresh batch of invitations to join a HK$1.5bn ($192m) borrowing by Leading Affluence, a subsidiary of Hong Kong listed-Yuexiu Property Co, was sent last week, said bankers.

China Everbright Bank has appointed CICC as the lead financial adviser and placing agent for an H-share placement that could be worth around HK$21bn ($2.7bn).

UK and Chinese officials press ahead with London-Shanghai Stock Connect, China tops the October league table of foreign holders of US Treasuries, and Bank of China opens a new branch in Qatar.