Northeast Asia

Hong Kong’s stock exchange has rejected Chengdu Xingrong Environment Co’s application to list in the city, according to an announcement from the Shenzhen-listed company.

Sinosteel International Holding has approached the loan market for a $120m two year deal. The money is to refinance a loan from 2014, which falls due next month.

ING Life Korea is planning to raise $1bn from an IPO in 2017, according to a source familiar with the matter.

Hong Kong Airlines was among the many borrowers that squeezed through a narrow issuance window last week before Chinese New Year. Its first senior perpetual, which has been sometime in the making, soared with strong private bank demand.

Tradeweb is working with Hong Kong Exchange (HKEX) to provide the infrastructure for Bond Connect, which will give foreign investors access to the Chinese interbank bond market, GlobalRMB has learned.

Siam Commercial Bank and the Industrial Bank of Korea both returned to the dollar bond market on Monday an extended period away.

Chinese private school operator Wisdom Education International Holdings has sealed its HK$850m ($109.6m) IPO, finding enough demand to make it through a tight window while defying President Trump-inspired jitters, according to a banker working on the deal.

Chinese companies Shui On Land and Biostime International are looking to raise funds from the dollar debt market, launching their respective deals on Monday morning.

The Trump presidency begins without China being labelled a currency manipulator, RMB keeps strengthening against the dollar, and the State Administration of Foreign Exchange emphasizes stability over reform.

Zhuhai Huafa Group Co on Thursday rolled out a three year dollar offering. It was not an easy task to find a direct comparable due to the debut status of the issuer and its credit strength compared to some other names, admitted bankers.

Mainland brokerage Guotai Junan Securities Co is looking to follow its peers and list south of the border, according to a draft prospectus filed by its Hong Kong-listed subsidiary Guotai Junan International.

In this round-up, index provider FTSE Russell adds two new Chinese A-shares indices, the mutual recognition of funds (MRF) scheme sees sales of Hong Kong funds retreat in December, and the Hong Kong Monetary Authority adds nine partners to the Belt and Road-linked Infrastructure Financing Facilitation Office (IFFO). Plus, a recap of our coverage.