China

China’s Aihuishou International, an online marketplace for second-hand electronics, traded up over 20% on its debut on the New York Stock Exchange, after sealing its IPO at the mid-point of the marketed range.

The first batch of nine public infrastructure real estate investment trust (Reits) in China made their trading debuts on Monday to a strong showing from investors.

Red-chip Panda bond issuer China Everbright Limited has raised Rmb4bn ($620m) from the domestic market for refinancing.

Asia’s dollar bond market is set for another relatively muted week for deal flow as pressure on China’s real estate industry and the US Federal Reserve’s surprisingly hawkish tone recently slow issuance.

SCE Intelligent Commercial Management has hit the road with its Hong Kong IPO. It is looking to raise up to HK$2.3bn ($296.2m).

In this round-up, the Chinese central bank leaves the benchmark lending rate stable for the 14th consecutive month in June, and the interbank bond regulator issues a warning to an onshore bank and accuses another of allegedly breaking underwriting rules.

Chinese teahouse chain Nayuki Holdings opened the doors for its up to HK$5.1bn ($656.1m) listing on Friday.

Sino-Ocean Capital Holding has raised $500m from a two year bond. The deal was the company’s longest in the offshore market, but came with a weaker structure than its past outings.

Private equity firm Blackstone Group is in talks with banks for a financing of about $1.6bn to back its long-planned acquisition of Hong Kong-listed property developer Soho China.

In this round-up, the major indicators for economic activity in China disappoint, the after-school tutoring sector in the Mainland faces a clampdown, and indebted China Huarong Asset Management Co is reportedly looking to raise cash by offloading its holding in seven different units.

China’s Full Truck Alliance, an Uber-like service for trucks, launched an IPO on the New York Stock Exchange this week. It is aiming to raise up to $1.56bn.

Hong Kong-based Bank of China Group Investment is preparing to sell Rmb2.5bn ($391m) of Panda bonds, returning to the onshore market after more than a year.