Northeast Asia

An over-ambitious price range and miscommunication among the lead banks towards the end of bookbuilding has forced Doosan Bobcat to pull its W2.4tr ($2.2bn) IPO in South Korea, according to bankers.

China’s reliance on a loose collection of market regulators has exacerbated market volatility, with the IMF welcoming plans for a total revamp of the financial markets institutional framework, according to Markus Rodlauer, former China mission chief and deputy director of the Asia and Pacific Department.

The vice-president of the New Development Bank, Paulo Nogueira Batista Junior, tells GlobalMarkets how his institution is lending on projects and issuing green bonds in line with the increasing concern with environmental issues

Sri Lanka’s economy is slowly being wrestled back into shape, following the disastrous era of scattergun borrowing and spending that embodied the previous government. But, the country’s finance minister tells Global Markets, much remains to be done in order to clear a huge backlog of debt and toxic loans out of the financial system, and get the economy moving again

The world remains a divided realm, the chief economist of ratings agency Standard & Poor’s warned, with some countries rising and growing, and others facing years of steady decline

A handful of Chinese companies have registered their plans to sell offshore foreign currency bonds with the National Development and Reform Commission, with potential issuers ranging from state-linked entities, government financing vehicles and corporates.

The Chinese Golden Week holidays meant not a lot was going in China, but there was still plenty of renminbi news occurring in the rest of the world. In this round-up, more updates on Shenzhen Connect rules, China-domiciled funds land on Clearstream, and Fred Bergsten says China is not a currency manipulator. Plus, a recap of our coverage this week.

China’s Cofco Meat has begun pre-marketing a potential $300m Hong Kong IPO and is set to open books within two weeks, according to bankers close to the deal.

Hong Kong-listed ITC Properties Group became the only international debt issuer from Greater China this week, selling its notes during the country’s week-long national holiday.

Avolon Holdings, indirectly owned by China’s HNA Group, has tapped Morgan Stanley and UBS to provide $8.5bn of debt for the acquisition of the aircraft leasing business of CIT Group.

Investors are looking past China Industrial Securities International Financial Group’s status as a Growth Enterprise Market listing, with books building strongly for the HK$1.39bn ($179m) Hong Kong IPO.

Eisuke Sakakibara, the former Japanese politician who earned the nickname Mr Yen for his aggressive control of the exchange rate, says he is worried that the appreciation of the yen is a sign that the impacts of the expansionary policies known as Abenomics are wearing off