China

An investor consortium led by the local government of Jiangsu has agreed to channel Rmb8.82bn ($1.36bn) into troubled Chinese electric appliance retailer Suning.com, giving a boost to the company’s share price.

China’s cybersecurity task force has ordered online platforms Full Truck Alliance (FTA) and Kanzhun, both recently listed in New York, to stop signing up new users. The move came immediately after the regulator ordered ride-hailing service Didi to be removed from mobile app stores.

Yunnan Provincial Energy Investment Group, a Chinese state-owned company, has returned to the loan market after three years for a sustainability-linked facility.

Bank of China has notched yet another first in Asia’s debt market. The firm’s Hong Kong arm has raised Rmb1.5bn ($232m) from an offshore dim sum bond tagged as a ‘sustainable and smart living’ green deal, aimed at meeting the Mainland’s ambitious carbon neutrality goals.

Xpeng bagged HK$14bn ($1.8bn) this week from the first secondary listing in Hong Kong by a Chinese electric vehicle maker.

Rowena Chu, vice-chair of Greater China investment banking coverage at Deutsche Bank, has retired.

A senior debt capital markets banker at HSBC in Hong Kong is moving to Barclays, GlobalCapital Asia has learnt.

Medlive Technology and Brii Biosciences are tapping investors for a combined HK$6.7bn ($863m).

Bank of Communications Hong Kong has sold its first Basel-III compliant tier two bond. The deal was four times subscribed at its peak.

West China Cement returned to the bond market this week after an absence of nearly seven years to raise $600m.

Four Chinese local government financing vehicles courted dollar investors on Tuesday, raising $870m between them.

Chinese ride-hailing giant Didi has raised $4.4bn from its New York Stock Exchange IPO, increasing the size of the float after investors pumped more than $40bn of orders into the book.