China International Capital Corp

A pair of Chinese firms are preparing potential multi-billion-dollar deals. Postal Savings Bank of China Co is seeking approval for a Hong Kong IPO that could raise up to $8bn, according to sources familiar with the matter, while China Resources Beer (Holdings) Co is aiming to net HK$9.5bn ($1.2bn) from a rights issue in the next few weeks.

The list of Panda bonds set to launch in China’s exchange market has just gotten longer with a pair of Hong Kong-incorporated companies receiving approval by the Shanghai Stock Exchange.

Water treatment company Citic Envirotech, which tapped an existing bond last week, has now set its sights on the syndicated loan market.

CICC has responded to recent speculation that it is merging with China Investment Securities, saying there are discussions for a strategic co-operation although nothing concrete has been signed yet.

Yihai International Holding has narrowed the price guidance on its up to HK$889.2m ($114.6m) Hong Kong IPO to the upper half of the marketing range, said a source close to the transaction.

Hon Hai-owned Foxconn Interconnect Technology, also known as FIT Hon Teng, is eyeing a listing in Hong Kong that could fetch up to $600m after the summer, said sources close to the deal.

Postal Savings Bank of China Co is seeking approval from the Hong Kong Stock Exchange to list, in a deal that could raise up to $8bn, according to sources familiar with the matter.

Two entities of China’s Chonqing municipality — the Nan’an district financing vehicle and the Chonqing Grain Group — have mandated banks for potential deals while Huai’an’s local government financing vehicle is also seeking a new bond.

China-based EC World Real Estate Investment Trust has fixed the price range for its Singapore IPO to raise as much as S$365.97m ($272.7m), according to a draft prospectus filed with the city-state’s regulator.

Yihai International Holding launched its Hong Kong IPO last Thursday to raise HK$$889.2m ($114.6m), with the company choosing to go it alone without the aid of cornerstone investors.

China is pushing on with the development of its non-performing loans securitization market, which only restarted last month, with China Merchants Bank (CMB) sealing the asset class’s third transaction.

Greentown Service Group has thrown off any concerns about Brexit-induced volatility and kicked off bookbuilding for its potential HK$1.7bn ($220.5m) IPO, with investor response so far being positive, according to a source with direct knowledge of the deal.