GREATER CHINA DAYBOOK: Alibaba Bonds; China Resources; Hon Hai

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(BFW) GREATER CHINA DAYBOOK: Alibaba Bonds; China Resources; Hon
Hai

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GREATER CHINA DAYBOOK: Alibaba Bonds; China Resources; Hon Hai
2014-11-13 22:59:50.499 GMT


By Bloomberg News
    Nov. 14 (Bloomberg) -- Alibaba is planning its first bond
sale, seeks to raise up to $8b, according to people with
knowledge of the matter.
    Asia’s largest Internet company will sell USD-denominated
notes to refinance credit facilities, according to statement.
Bonds have been rated A+ by S&P, equivalent A1 by Moody’s.
Alibaba has $11b in loans and credit lines, according to data
compiled by Bloomberg.


TOP MEDIA HEADLINES TODAY:
 * China’s property market next year still needs to reduce
   inventories, China Securities Journal says in a front-page
   commentary
 * China will announced by year end a list of regions for
   urbanization trials, Economic Information Daily reports,
   citing unidentified people
 * China’s Li tells Abe he wishes ties go back to normal:
   Xinhua
 * China offers $20b of loans for Asean connectivity: Xinhua
 * China to test power price reform in more regions: China
   Securities Journal
 * Japan arrests Chinese captain off Ogasawara islands: Kyodo
 * China’s Xi calls for deeper cooperation with Australia: AFR
 * China may subsidize lithium batteries used for cars:
   Shanghai Securities News


WHAT TO WATCH:
 * China Resources Enterprise (291 HK) to announce 3Q earnings
 * Hon Hai net growth slows as PC weakness offsets iPhone
   demand
 * H.K. 3Q GDP, 4:30 p.m.; est. +2% y/y; 2Q +1.8%
 * China’s infants in Rinehart’s sights in baby-formula push
 * H.K. High Court may rule on anti-Occupy injunctions today
 * StanChart commits to commodities after investor meeting
 * U.S.-China deal boosts chance of capping climate change
 * ANZ cuts commodity-price forecasts on slowing Chinese growth
 * China boosts refinery runs to record
 * HSBC starts preferential offers for Shanghai-HK stock
   connect
 * H.K., U.S. sign pact to facilitate U.S. tax compliance
 * China plans Dec. start for Xinjiang-Qinghai Silk Road rail
   link


ECONOMY:
 * China Oct. new loans, money supply, FDI as early as today
 * CAAM Oct. China auto sales data, 2 p.m.
 * SHFE industrial-commodity stockpiles, 3-4 p.m.
 * Hong Kong 3Q GDP, 4:30 p.m.


EARNINGS:
 * Chaoda (682 HK)
 * China Gold Intl (2099 HK)
 * China New Town (1278 HK)
 * China Resources Enterprise (291 HK)
 * Midas (1021 HK)


BONDS:
 * China finance ministry to sell 28b yuan of 7-yr bonds; yld
   may be 3.5%: survey
 * Cathay Finl (2882 TT): Bank unit plans to sell $300m of
   bonds
 * CDB expands Nov. 18 bond sale size to 24b yuan
 * Natixis: To sell $295m of 30-yr callable bonds in Taiwan
 * China’s zero-rate Benz loans seen helping double auto loan
   ABS


GOVERNMENT:
 * Chinese foreign ministry daily briefing, Beijing, 3 p.m.
 * CSRC weekly briefing, 3 p.m


CONFERENCES/CORPORATE EVENTS:
 * Tsinghua Univ. new climate economy briefing, Beijing, 9 a.m.
 * China Intl Nickel & Cobalt Industry Forum, Shenzhen, 9 a.m.
 * Old Mutual briefing on mkt outlook, investment strategies
   for Asian equities, 11:30 a.m.
 * Central China Securities briefing on op. results, 3 p.m.


IPO WATCH:
 * CSRC gives written approval to 11 IPO applications
 * Fosun unit Hainan Mining gets CSRC approval for A-shr IPO
 * Sky Solar prices IPO of 5.53m ADSs at $8 each via Roth
   Capital


ANALYST RATINGS:
 * Compal Electronics (2324 TT): Cut to underperform at
   Macquarie
 * Huaneng Power (902 HK): Cut to hold at BNP Paribas
 * Natixis: To sell $295m of 30-yr callable bonds in Taiwan


EQUITY PREVIEW:
 * Airlines: China carbon mkt to probably include aviation:
   U.K.’s Tim Yeo
 * Banks: Zhejiang lender gets PBOC funds at 3.5%: Sina.com;
   lower yld impact on loan growth seen next yr: CIMB
 * Developers: Shanghai to ease standards for non-luxury homes
 * Energy: NDRC urges higher natural gas production, imports
 * Refiners: China boosts runs to record
 * Agbank (1288 HK): Sells 40b yuan of preferred shrs at 6% yld
 * Bailian Group (600827 CH): Invests in Disney partner
   Shanghai Shendi: Great Wisdom
 * BenQ Materials (8215 TT): Signs NT$3b loan with 9 banks
 * BOC (601988 CH): Chosen as sole remittance bank for
   Shanghai-H.K. connect
 * Brilliant Circle (1008 HK): To gain full control of Yangfeng
 * Compal (2324 TT): 3Q net NT$2.58b; est. NT$2.71b
 * COSCO Shipping (600428 CH): Unit to hold 20% of Total China
   unit
 * Fosun (656 HK): Unit Hainan Mining approved for A-shr IPO
 * Hon Hai (2317 TT): 3Q net NT$34.1b; est. NT$34.1b
 * I.T (999 HK): Galeries Lafayette to open Shanghai store in
   partnership with co.: Challenges magazine
 * Manulife (945 HK): Profit rises to C$1.1b as Asia ops rally
 * Metersbonwe (002269 CH): To invest 525m yuan for 15% of bank
 * Ping An (2318 HK): 10-mo. life premium income 149.8b yuan;
   p&c premiums 116.4b yuan
 * Pou Sheng (3813 HK): 9-mo. net $4.04m vs net loss $24.3m
 * Shanghai Electric Power (600021 CH): In talks on Indonesia
   deal: Great Wisdom
 * Sinoma Energy (603126 CH): Signs contract for Huaxin Cement
   (600801 CH) power plant project
 * StanChart (2888 HK): Commits to commodities after investor
   meeting
 * Sun Art Retail (6808 HK) 9-Mo. net 2.34b yuan vs 2.18b yuan
 * Teamsun (600410 CH): Gets IBM power-server license
 * Tencent (700 HK): Distribution pact with Warner Music in
   China
 * Tianhe Chemicals (1619 HK): IPO materials contain
   discrepancies, AP says
 * Tsui Wah (1314 HK): CEO Anthony Lock to leave on April 30
 * Yue Yuen (551 HK): 9-Mo. unaudited rev. $5.9b vs $5.6b y/y
 * Zhuguang (1176 HK): To pay 1b yuan for 50% stake in land


BTV HIGHLIGHTS (ALL TIMES HONG KONG/CHINA):
 * 7:40 Harvey Nash CEO Albert Ellis
 * 9:10 Franklin Templeton Portfolio Manager Grant Bowers
 * 10:10 AlixPartners Global CEO Fred Crawford


For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>

--With assistance from Gregory Turk in Shanghai.

To contact Bloomberg News staff for this story:
Zijing Wu in Hong Kong at +852-2977-4819 or
zw...@bloomberg.net;
Aipeng Soo in Beijing at +86-10-6649-7568 or
as...@bloomberg.net
To contact the editors responsible for this story:
John Liu at +86-10-6649-7565 or
jli...@bloomberg.net
Joshua Fellman

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