Ken Wang covers China's ECM and the equity-linked market for IFR. Before joining Thomson Reuters IFR in January 2011, he worked as a stock editor for China Finance Online.
Agricultural Bank of China last week announced plans for a record Rmb100bn (US$15.85bn) private placement of A-shares to the Ministry of Finance and six state-owned enterprises, joining the growing queue of Chinese lenders seeking to boost their capital.
China has given itself two more years to introduce a registration-based IPO system, signalling that a market-driven mechanism for mainland listings is still a long way off.
China National Petroleum Corp has launched a record Rmb20bn (US$3.18bn) sale of exchangeable bonds just six months after making a Rmb10bn debut.