CICC was the lead global coordinator on the Rmb2bn dim sum bond issuance with a yield of 3.35%; the bonds, which are becoming increasingly popular, were listed on the HKEX and will be used for Belt & Road initiatives.
The financial services platform continues its Apac expansion by offering 24 futures and options products, including agricultural commodities, energy, metals and freight, from the Shanghai International Energy Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange.
The Australian iron ore giant is looking to decarbonise from proceeds raised by the transaction; the landmark deal comes as the US steps back from green investing.
Chinese overseas investments, including in emerging markets, should boost the domestic economy; meanwhile, US president Donald Trump and China have extended a ‘tariff truce’ until November 10.
An ambitious wave of Chinese entrepreneurs is changing the definition of Chinese private equity investment, as the market looks for a revival after a slow few years; Cheng sees opportunities across product personalisation, robotics and different geographies.
Investment bank Kenanga has launched warrants tracking the Hang Seng China Enterprises Index and Tech Index, which saw a trading volume of $48.9m in their first week.
As China’s AI ambitions grow increasingly self-reliant, investors are navigating a fast-evolving ecosystem where commoditisation, policy strategy and localised models are redrawing the competitive map.
The Rmb2.5bn 2.0% notes are the German carmaker’s third onshore Renminbi bond issuance. The company told FA that the move is part of its funding diversification efforts.