ICBC

Property manager Central China Management Co has kicked off the roadshow for its IPO. It is aiming to raise up to HK$1.05bn ($135.2m).

JD Logistics has rolled out its long-awaited HK$26.5bn ($3.4bn) listing in Hong Kong, set to be the city’s largest IPO since the beginning of the year.

China Railway Construction Corp (CRCC) sold two tranches of five year bonds, one in dollars and the other in euros, to net more than $663m.

Volkswagen Finance (China) Co came to the onshore auto ABS market for the first time in 2021 with a Rmb5.97bn ($929m) transaction this week, slashing the revolving period to three months to achieve a competitive pricing.

Seven Chinese issuers bagged Rmb7.3bn ($1.14bn) from their inaugural sustainability-linked bonds (SLBs) in the onshore market, as part of Beijing’s efforts to meet its ambitious carbon goals.

Eight Chinese issuers are readying the first batch of sustainability-linked bonds (SLBs) in the onshore market, set to be priced later this week after the Labour Day holiday.

Two Chinese government-linked companies raised a combined $600m in the offshore market on Thursday, ahead of the long weekend in China.

The Singapore-incorporated global energy company Puma Energy has bounced back after a planned bond issuance last year failed to materialise, raising $590m in the loan market. Sources say the company’s change of management and reorganisation brought a “sense of relief”.

Red chip issuer China Power International Development raised Rmb2bn ($308m) from a three year bond last week, raising the money largely to pay a mix of offshore and onshore bank loans.

New Zealand will be an important test case for mandatory reporting on climate risks. Financial firms everywhere would be wise to sit up and take notice.

New Development Bank will become the first issuer to hit the dollar market this week, announcing a five year benchmark, the proceeds of which will fund sustainable development activities and emergency support loans to its member countries.

Guotai Junan Securities Co faced a choppy market backdrop to price a $500m bond on Wednesday, becoming one of only a handful of Chinese issuers to head offshore this week.