China

Linklogis has begun drumming up demand for its Hong Kong listing, after winning approval from the city’s stock exchange.

Zhihu has kicked off the roadshow for its US listing. The Chinese company is aiming to raise up to $632.5m from the public market, and a further $250m from a handful of high-profile investors through private placements concurrent to the IPO.

In this round-up, China leaves the benchmark lending rates steady yet again, the central bank’s monetary policy committee gets a reshuffle, and senior foreign policy officials from Beijing and Washington fail to agree on key issues at a high-stakes meeting.

In this round-up, economists expect China’s GDP to grow at a faster pace than previously forecasted, Vanguard decides to take a step back from its plan to establish a wholly-owned fund management company in the Mainland, and Luckin Coffee pushes forward a debt restructuring and a potential equity investment deal.

Zhejiang Geely Holding Group Co used a standby letter of credit from Bank of China's Singapore branch to price its $400m bond inside fair value.

Tuya's shares soared nearly 20% on their debut in the US on Thursday, after the internet-of-things cloud platform provider raised $915.4m by pricing its IPO above the marketed range.

China Development Bank has priced an internationally certified Rmb20bn ($3.1bn) carbon neutrality-themed green bond well inside its secondary curve, giving the nascent asset class a further boost.

Bairong, a financial technology firm, has covered its HK$3.94bn ($507m) IPO, following strong demand from institutional investors on the first day of bookbuilding.

German state-owned development bank Kreditanstalt fuer Wiederaufbau (KfW) made a rare public green outing in the offshore renminbi market this week, raising Rmb1.25bn ($192m) from a deal that saw strong participation from green and ESG investors.

Crédit Agricole has sealed its third senior preferred Panda bond in the China market on a particularly challenging day that caused eight domestic deals to be postponed, amid lingering default concerns and rising government bond yields. Addison Gong reports.

The Hong Kong Stock Exchange has had a stellar week, hosting two secondary listings worth about $6bn in total in quick succession. The latest out of the gate is Chinese video sharing and gaming platform Bilibili, which kicked off a potential $3bn float within hours of internet giant Baidu wrapping up its multi-billion-dollar deal. Jonathan Breen reports.

Two Chinese companies sold dollar bonds on Wednesday as the rest of the market hit pause to await the outcome of the Federal Open Market Committee meeting.